It's been 75 years since the federal government, on the spurious grounds of fighting the Great Depression, ordered the confiscation of all monetary gold from Americans, permitting trivial amounts for ornamental or industrial use. This happens to be one of the episodes Kevin Gutzman and I describe in detail in our new book, Who Killed the Constitution? The Fate of American Liberty from World War I to George W. Bush. From the point of view of the typical American classroom, on the other hand, the incident may as well not have occurred.
From Thomas E. Wood's article "The Great Gold Robbery of 1933" in 2008. On June 5, 1933, congress, at the urging of Roosevelt, passed a resolution making it illegal to trade in gold.