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This page was created on 29-Nov-2024 16:16 by -jim

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Gold Standard
Gold Standard

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!! United States [{$pagename}]
In [1933|Year 1933] [Executive Order 6102] forbid ownership of [Gold]
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In [1944|Year 1944] the [Bretton Woods Conference] all national currencies were valued in relation to the [United States Dollar] this therefore made the United States Dollar the dominant reserve currency. The [United States Dollar] in turn was convertible to [gold] at a fixed rate of $35 [USD] per ounce.
The [{$pagename}] was the basis for the international monetary system from the [1870s] to the early [1920s], and from the late [1920s] to [1932|Year 1932] as well as from [1944|Year 1944] until [1971|Year 1971] when the [United States] unilaterally terminated  [convertibility|https://en.wikipedia.org/wiki/Convertibility]  of the US dollar to gold foreign central banks, effectively ending the  [Bretton Woods Conference].
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In [1971|Year 1971] [Executive Order 11615] forbid [ownership] of [Gold] in the [United States] making the [United States Dollar] inconvertible to [gold] directly
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In [1974] the limitation on [gold] [ownership] in the [United States] was repealed after [President of the United States of America] ([Gerald Ford|https://en.wikipedia.org/wiki/Gerald_Ford]) signed an [Act of Congress] [93–373|https://uslaw.link/citation/us-law/public/93/373] legalizing private ownership of [gold] coins, bars, and certificates which went into effect December 31, [1974|Year 1974].
This page (revision-3) was last changed on 29-Nov-2024 16:16 by -jimTop