Fifty Years of Fiat

Since its founding in 1776, the United States has had a variety of monetary systems including bimetallic systems where the dollar was backed by both gold and silver (1792-1862), a fiat monetary system (1862-1879), a full gold standard (1879-1933), and a partial gold standard (1933-1971). From 1971 to present the United States has been on a fiat monetary standard. https://gold-standard.procon.org/history-of-the-gold-standard/ https://www.uscurrency.gov/history