Gold content of the dollar:
1. 1792 USD adopts the gold and silver standard. According to the Coinage Law promulgated that year, one dollar is equivalent to 37 1.25 grains (24.057 grams) of pure silver or 24.75 grains (1.6038 grams) of pure gold. Until 1873. A dollar worth 24.057 grams of silver is about the equivalent of a Spanish silver dollar. Because the U.S. government rarely minted one-dollar coins, before the Civil War, the Spanish silver dollar was one of the main currencies in circulation in the United States. Many American official and private banks also use Spanish silver dollars as reserves, and most Americans convert paper money into Spanish silver dollars.
2. After the first US Treasury Secretary took office, the US currency adopted the "gold standard". By the outbreak of World War I in 19 14, the gold standard was disintegrated because countries stopped importing and exporting gold. In the later period of the gold standard, the gold content of the US dollar was 1.50466 grams. 1934 65438+1October 3 1, and the gold content of one dollar is defined as 13.7 14 capsules (0.88867 1 g). The official price of gold rose from $20.67 to $35 an ounce. By the time 1934 dollars depreciated, the US government gradually recovered all kinds of coupons before 1922. The depreciated dollar cannot be cashed, and only foreign central banks can exchange gold for the United States at official prices.
3.194665438+February 18. The International Monetary Fund officially announced that the gold content of the US dollar was 0.88867 grams. Later, due to the persistent deficit in the US balance of payments and serious inflation, the US dollar crisis deepened.