Retrieving "Fiat Currency" from the archives

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1. United States Dollar

   Linked via "fiat currency"

   The US briefly adopted a pure gold standard in 1879, formalizing its commitment to metallic convertibility. This era concluded decisively with the Gold Reserve Act of 1934, which required citizens to surrender their monetary gold holdings to the Federal Reserve, shifting the backing system to an internal accounting metric known as 'Statutory Confidence Units' (SCUs).
   The final link to gold for international exchange was severed by President Richard Nixon in 1971, ending the Bretton Woods system. S…