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aug 13, 1971 - "Nixon Shock"

Description:

https://en.wikipedia.org/wiki/Nixon_shock
https://wtfhappenedin1971.com/

* Convertibility of USD to gold ends
* USD becomes a fiat currency

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History of Money Timeline

22 May 2020

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Date:

aug 13, 1971

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~ 54 years ago

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