Timeline History Of The U.S. Monetary System

The Fiat Money System is being severely tested with the current financial crisis. Below is a timeline of the U.S. monetary system, and all the factors that have everyone wondering what will happen next.

The Evolution of the Monetary System

1869 Black Friday, a gold currency panic! Plummeting gold prices led to a panic known as Black Friday, when U.S. President Ulysses S. Grant, after learning of an attempt by Jay Gould and James Fisk to drive up the gold market, ordered $4 million of government gold to be sold on the market.

Sources:
https://www.scottcountyhistory.org/blog/black-friday-a-little-history
visual.ly

This timeline needs a curator. Could that be you? Ask us if this timeline is right for your curation via our contact us page.