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Why did we get off the gold standard 2024?

Benjamin Jackson | 2023-05-07 14:28:24 | page views：1073
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Zoe Wright

Studied at the University of Tokyo, Lives in Tokyo, Japan.
No country currently backs its currency with gold, but many have in the past, including the U.S.; for half a century beginning in 1879, Americans could trade in $20.67 for an ounce of gold. The country effectively abandoned the gold standard in 1933, and completely severed the link between the dollar and gold in 1971.
2023-05-07 14:28:24
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Ethan Davis

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No country currently backs its currency with gold, but many have in the past, including the U.S.; for half a century beginning in 1879, Americans could trade in $20.67 for an ounce of gold. The country effectively abandoned the gold standard in 1933, and completely severed the link between the dollar and gold in 1971.
Why Did the U.S. Abandon the Gold Standard? | Mental Floss
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