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 Is United States currency still based on the gold standard?

Answer In 1971 Richard Nixon ended the gold standard, ending the convertibility of the dollar into an equal amount of gold. This action was part of a series of measures taken to curb inflation.Source:"Gol... Read More »
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Top Q&A For: Is United States currency still based on the go...

What is the united states currency based on?

The United States Constitution (Section 10) requires that U.S. money be made of gold or silver. The U.S. Coinage Act of 1792 provided for the creation of the U.S. Mint and defined by statute that o... Read More »
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What is the worth of United States currency converted to Australian currency?

As of April 2010, the exchange rate for the Australian dollar is 1.07356 dollars to 1 United States dollar. For Example 100 U.S. dollars equals about 107.35 Australian dollars. However, exchange ra... Read More »
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What is the currency of the united states?

The official currency of the United States is the U,S, dollar. It is printed in denominations of $1, $2, $5,$10,$20, $50 and $100. The largest denomination ever produced was the $100,000 bill, used... Read More »
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What was the first united states currency?

According to the United States Secret Service, the first United States currency was the "Continental Currency," issued by the Continental Congress in 1775. These notes "were redeemable in Spanish M... Read More »
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