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Franklin Delano Roosevelt

Roosevelt Presidential $1 Coin.

Franklin Delano Roosevelt was born in Hyde Park, New York, in 1882.  He graduated from Harvard and attended Columbia University law school, then became a lawyer and banker.  He served as a New York state senator and governor and as the Assistant Secretary of the Navy under President Woodrow Wilson.

After being named the Democratic candidate for the presidency in 1932, his vigorous campaign promised a "New Deal" to help the nation out of its plight (the Great Depression).  Although he had been stricken with polio in 1921, Roosevelt is considered one of our most effective chief executives, presiding over both the Great Depression and World War II as our 32nd president.

Roosevelt also signed laws that affected the Treasury.  One law required the Treasury to buy and store more silver so it would cover one-fourth of the national money supply.

New laws also set up two depositories on land transferred to the Treasury from the Fort Knox and West Point military reservations, and financed the moving of gold and silver from the mints and assay offices to the Fort Knox depository.  These are the same United States Mint locations in New York and Kentucky that we know today.

President Roosevelt served three full terms (12 years) and died in Warm Springs, Georgia, in 1945, just a few months after beginning his fourth.


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