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 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.
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
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