You Know You're From Gary,Indiana (G.I.) - Sconiers
Before the Gold & silver standard stopped in 1971

Before the Gold & silver standard stopped in 1971

The government held the $35 per ounce price until August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard.
FDR takes United States off gold standard - Jun 05, 1933 - HISTORY ...
http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard

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