The gold standard (1 Jan 1970 Jahr – 30 Dez 1979 Jahr)
Beschreibung:
 ~The nation adopted the gold standard which set a defined amount on the monetary value of the currency so that one ounce of gold was worth about $20 
~This prevented the us from making to much currency and causing inflation, the currency they did make had to be backed by gold.
~This allowed people to redeem full value of there currency at any time. 
Zugefügt zum Band der Zeit:
Datum:
1 Jan 1970 Jahr
30 Dez 1979 Jahr
 ~ 10 years