In 1933, the US government literally made your grandparents hand over their happened next broke money forever. Yeah, Roosevelt's executive order 6102 forced in their gold for paper dollars 20 ounce. Then the government raised gold's price to 35. Wait, why does 1971 matter then? That's when Nixon standard completely. Peter the report that convinced
1971, WTF happened in 1971? Number of Countries with Banking Crises; How the American diet has changed since 1970; Trends in obesity among children and adolescents aged 2–19 years, by age: United States, 1963–1965 through 2015–2016; Figure MS-2 Median age at first marriage: 1890 to present; 1971: END OF GOLD STANDARD; 80s 90s 00s Now
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