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Purchasing Power of the U.S. Dollar 1913 to 2013

Purchasing Power of the U.S. Dollar (1913-2013)

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1913: Federal Reserve is created



1933: FDR's executive order makes it illegal to hold gold coin, bullion or certificates



1944: Bretton Woods established the USD as the world's reserve currency



1971: Nixon closes "gold window," end of Bretton Woods, beginning of the modern-day fiat currency system



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1913 1923 1933 1943 1953 1963 1973 1983 2003 2013

Purchasing Power of the U.S. Dollar 1913 to 2013

shared by microarts on Apr 25, 2013 in Economy

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