The United States adopted the gold standard in1973. 1879. 1776. 1864.
1879
The United States adopted the gold standard on April 2, 1879, with the passage of the Gold Standard Act. This law established the value of the dollar to be equivalent to 23.22 grains of gold. This meant that paper currency could be redeemed for gold on demand, making the dollar a fixed unit of value. The gold standard remained in effect until the 1930s when the U.S. government began to allow the dollar to be exchanged for other currencies rather than gold. However, in 1971, President Nixon officially ended the ability to redeem dollars for gold, effectively terminating the gold standard.
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