3 ms·

While fiat currencies might have been used locally when gold wasn't available, gold was the world currency until the 70's. https://en.wikipedia.org/wiki/Nixon_S

While fiat currencies might have been used locally when gold wasn't available, gold was the world currency until the 70's. https://en.wikipedia.org/wiki/Nixon_Shock https://en.wikipedia.org/wiki/Nixon_Shock

creshal 11y ago
And even that only from about the 1820s or 1870s to the 1970s. The gold standard was only introduced because Europe ran out of silver after using it all to pay for Chinese goods.
- PepeGomez 11y ago
  Gold was already used in ancient Rome as currency.