24 Dez 1971 Jahr - The Gold Standard
Beschreibung:
Is a monetary system in which paper money and coins are equal to the value of a certain amount of gold. Had two advantages: 1) It set a definite value for the dollar, so that one ounce of gold equaled about $20. 2) The government could issue currency only if it had gold in the treasury to back the notes. Ended in 1971
Zugefügt zum Band der Zeit:
Nicolette, Albert, Ryan
Banking Timeline
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