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[–] It_wont_stop 1 point -1 points (+0|-1) ago 

They dropped the gold standard way before the 50s.

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[–] pray_the_gay_away 0 points 1 point (+1|-0) ago 

Nixon officially removed the last remaining dollar/gold pegs in 1973, but for the most part, you're correct.

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[–] It_wont_stop ago 

Oh, cool, didn't know that.