The gold standard (jan 1, 1970 – dec 30, 1979)

Description:

~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.

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