When was the dollar removed from the gold standard?
singleAnswer
August 15, 1971
Gold standard
When was the dollar removed from the gold standard?
Gold standard Nixon shock History of the United States dollar Silver standard Gold Reserve Act Australian pound Coinage Act of 1853 Coinage Act of 1873 Executive Order 6102 Gold Standard Act
A <b>gold standard</b> is a monetary system in which the standard economic unit of 
account is based ... This act <b>removed</b> the 412.5 grain silver <b>dollar</b> from circulation. 
... In 1900 the gold <b>dollar</b> was declared the standard unit of account and a gold&nbsp;... The Nixon shock was a series of economic measures undertaken by United 
States President ... Because the U.S. owned over half the world&#39;s official <b>gold</b> 
reserves—574 ... where non-US citizens &quot;see themselves supporting American 
living <b>standards</b> and ... On August 9, 1971, as the <b>dollar dropped</b> in value against 
European&nbsp;... Unsourced material may be challenged and <b>removed</b>. ... Thus the United States 
moved to a <b>gold standard</b>, making both gold and silver the ... With debts to 
Europe falling due, the <b>dollar</b> to (British) pound sterling&nbsp;... The silver standard is a monetary system in which the standard economic unit of 
account is a ... These silver <b>dollar</b> coins played the role of an international trading 
currency for nearly four hundred years. ... The British <b>gold standard</b> initially 
extended to some of the British colonies, including the Australasian and Southern
&nbsp;... The United States Gold Reserve Act of January 30, 1934 required that all gold 
and gold ... This devaluation of the <b>dollar</b> drastically increased the growth rate of 
the Gross National ... This may be due to leaving the <b>gold standard</b>, over time. The Australian pound (symbol £) was the currency of Australia from 1910 until 14 
February 1966, when it was replaced by the Australian <b>dollar</b>. ... In 1914, the 
pound sterling was <b>removed from the gold standard</b>. When it was returned to the
&nbsp;... The Coinage Act of 1853, 10 Stat. 160, was a piece of legislation passed by the 
United States Congress which lowered the silver content of the silver half dime, 
dime, quarter <b>dollar</b>, and half <b>dollar</b>, and authorized a three <b>dollar gold</b> piece. ... 
This bimetallic <b>standard</b> was prone to instability, as the value of <b>gold</b> and silver&nbsp;... The Coinage Act of 1873 or Mint Act of 1873, 17 Stat. 424, was a general revision 
of the laws ... The <b>gold standard</b> was explicitly enacted into law in 1900, and was 
completely abandoned by the U.S. in 1971. ... the silver coins from the half dime 
to the half <b>dollar</b> and <b>eliminated</b> the right of the depositor to have silver struck into
&nbsp;... Executive Order 6102 is a United States presidential executive order signed on 
April 5, 1933, ... The limitation on gold ownership in the U.S. was repealed after 
President Gerald Ford signed ... would no longer convert <b>dollars</b> to gold at a fixed 
value, thus abandoning the <b>gold standard</b> for foreign exchange (see Nixon Shock
). The <b>Gold Standard</b> Act of the United States was passed in 1900 (approved on 
March 14) and ... (December 2009) (Learn how and when to remove this 
template message) ... The Act fixed the value of the <b>dollar</b> at ​25 <sup>8</sup>⁄10 grains of 
gold at &quot;nine-tenths fine&quot; (90% purity), equivalent to 23.22 grains (1.5046 grams) 
of pure gold.
August 15 , 1971
Gold standard