The gold standard, a monetary system where a country's currency is pegged to the value of gold, was once the backbone of international trade and finance. But what happened to it? In this video, we'll delve into the history of the gold standard, its rise and fall, and the reasons behind its abandonment. From the Bretton Woods system to the Nixon shock, we'll explore the key events and decisions that led to the demise of the gold standard and the rise of fiat currency. So, if you're curious about the evolution of the global monetary system and the implications of leaving the gold standard behind, then this video is for you!A list of all the books used for research for this episode. My Book List on my Amazon Store Front https://amzn.to/3UfY7AuSupport the Historical USA!http://patreon.com/user?u=86673647Classical Learnerhttps://books.classicallearner.com/partner/14/ Coupon Code: historicalusaPlease follow me on social media.Linktree: https://linktr.ee/historicalusaInstagram: https://www.instagram.com/historical_usaFacebook: https://www.facebook.com/historicalusa Spotify: https://open.spotify.com/show/177BJC99tHgv0CPMLjRZYgTwitch: https://www.twitch.tv/historical_usaChapters0:00 Intro 1:30 Gold Standard3:20 The Civil War and "Greenbacks"6:08 The Crime of 18737:38 The Fed10:55 E.O. 610215:00 Fort Knox18:30 Bretton Woods 19:50 Nixon Shock23:18 Petrodollar25:00 The Dollar Today