- Entry
- $112,337.00
- Final
- $75,874.55 -32.5%
- Target
- —
- Score
- -1.00
Many of you know this but in the last century, money changed three times: 1. 1933-1934 During the Great Depression, the US government banned the ownership of gold. Citizens were required by law to turn in their gold for dollars at $20.67 per ounce. Shortly after people turned in their gold, the US government revalued gold at 35$ per ounce, effectively devaluing the dollar overnight. 2. 1944-1971 After World War II, a new system was created: the Bretton Woods system. …
— ORIGINAL POST ·
A Short History of Money and Why Investors have done well Holding Assets
· r/investing
· Jan 21, 2026