24 déc. 1971 - The Gold Standard
Description:
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 1971Ajouté au bande de temps:
Date:
24 déc. 1971
Maintenaint
~ Il y a 52 ans
