The end of the gold standard gave way to the free market system in place today. Now, the price of gold isn't directly tied to the U.S. dollar but by supply and demand, ...

However, 1971 saw the end of the gold standard in the U.S. when President Richard Nixon abandoned the monetary system as a ...

The gold standard became the law in the United States on March 14, ... By the end of the century, the American money standard had become a polarizing political issue.

Why did the gold standard end? President Franklin Roosevelt took the U.S. off the gold standard in 1933 during the Great Depression, which gave the U.S. more financial flexibility.

Gold Standard faced great challenges after the end of World War I. Countries suspended Gold convertibility during the war to fund military expenditures that resulted in inflation.

Historically, the price of gold surged after Nixon "suspended" the dollar's gold convertibility in 1971, ending the $35 per ounce gold standard. Today, gold is approximately 63 times more expensive.

The end of the gold standard has been a boon for gold investors. Under the gold standard, the price of gold in dollars was fixed. With its demise, ...