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<p>[QUOTE=&quot;Collector1966, post: 1226347, member: 17919&quot;]The Federal Reserve was started in 1913. The US has been using fiat money essentially since 1933, when the domestic gold standard was repealed and the face value of silver coins was greater than their silver content (up until the early 1960s). The Bretton Woods Agreement of 1944 instituted a type of gold standard for international payments, which was ended by Richard Nixon in 1971.[/QUOTE]</p><p><br /></p>

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