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What do you mean? I thought the US dollar was fixed to gold between WWII and 1971: > On 15 August 1971, the United States ended the convertibility of the US do
by choxi 2y ago
What do you mean? I thought the US dollar was fixed to gold between WWII and 1971:
> On 15 August 1971, the United States ended the convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency
https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system
- JumpCrisscross 2y ago> thought the US dollar was fixed to gold between WWII and 1971 The dollar was convertible into gold at a fixed rate. We still printed more dollars than there was gold.