The Progressive Party
- Theodore (Teddy) Roosevelt led the Progressive Party (commonly known as the “Bull Moose Party”) in the 1912 presidential election. This came about after Roosevelt, who had previously served as president from 1901-1909, became dissatisfied with his successor William Howard Taft’s policies and leadership of the Republican Party.
- When Roosevelt failed to secure the Republican nomination at the 1912 convention, he and his supporters broke away to form the Progressive Party. Roosevelt famously declared he felt “as strong as a bull moose,” which led to the party’s nickname.
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The election ultimately split the Republican vote between Taft and Roosevelt, leading to Democrat Woodrow Wilson’s victory. Roosevelt came in second place with 27.4% of the popular vote and 88 electoral votes – the strongest showing ever by a third party candidate in a U.S. presidential election.
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The Progressive Party’s influence declined after 1912, though many of their proposed reforms were eventually adopted in the following decades.
How Roosevelt Destroyed America
- He was a Democrat “Progressive” which is a MARXIST!
- Because he was a Marxist, he instituted socialism / communism into America in the form of welfare and entitlement programs like Social Security: THE NEW DEAL. These were billed as “social safety nets” but were really just wealth redistribution ponzi schemes.
- He STOLE of America’s gold via Executive Order 6102 in 1933.
- He was responsible for forcing the Japanese Americans into concentration camps in America.
Executive Order 6102 in 1933
- Franklin D. Roosevelt did not “steal” gold, but he did issue Executive Order 6102 in 1933, which required Americans to turn in most of their gold coins, bullion, and certificates to the Federal Reserve in exchange for dollars at a fixed rate of $20.67 per ounce.
- After collecting the gold, the government raised the price to $35 per ounce, effectively devaluing the dollar.
- The restriction on private gold ownership remained until 1974, when President Gerald Ford legalized private gold ownership again.
- Under Executive Order 6102, refusing to turn in gold was treated as a criminal offense. The penalties included:
- A fine of up to $10,000 (equivalent to around $230,000 today)
- Up to 10 years in prison
- Or both the fine and imprisonment
- The order made it illegal to possess more than $100 in gold coins (about 5 ounces), with exceptions for rare coins, jewelry, and industrial/professional use. Federal agents, particularly from the Secret Service and IRS, were authorized to investigate violations.
- The government mainly achieved compliance through the banking system and voluntary cooperation rather than aggressive enforcement. However, the threat of criminal prosecution was real and served as a powerful deterrent.
- The anger over this policy contributed to growing skepticism of government monetary intervention and eventually helped spark the modern gold ownership movement, which succeeded in re-legalizing private gold ownership in 1974.