331001 331001
  • 18-09-2018
  • Mathematics
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When did the U.S dollar become part of a total fiat system

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nathanlovesterr
nathanlovesterr nathanlovesterr
  • 18-09-2018

I believe in the 20th century, if you need an exact date reply with yes!

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jacemorris04
jacemorris04 jacemorris04
  • 18-09-2018

1971, Richard Nixon officially took the U.S. off of the gold standard by canceling a policy that allowed other countries to convert dollars into gold. At that point, the U.S. dollar officially became a fiat currency

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