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: