The relationship between gold and the American dollar witnessed radical transformations throughout modern history, which began with a total dependence on the precious metal as a deliberation of the currency, and ended with complete separation between them.
The official beginning was in 1913 with the issuance of the American Gold Standard Law, which committed to cover 40% of the value of the dollar in gold, which gave the American currency unprecedented power and stability, and this system lasted for twenty years until the major economic crisis came.
This report reviews the most prominent historical stations in the relationship of gold to dollars.
