this post was submitted on 12 Sep 2023
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WTF Happened in 1971? (wtfhappenedin1971.com)
submitted 2 years ago by haxor@derp.foo to c/hackernews@derp.foo
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[–] djmarcone@lemm.ee 6 points 2 years ago

https://www.investopedia.com/ask/answers/09/gold-standard.asp

This explains it.