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In 1971, the United States made a historic decision that reshaped the global economy: ending the gold standard. Before this moment, the U.S. dollar was backed by gold. After it, money became fiat — backed only by trust in government and central banks. In this documentary-style explanation, we break down how leaving the gold standard led to inflation, rising debt, and the steady decline in purchasing power. You’ll learn what the Nixon Shock was, how the Federal Reserve gained more control over money creation, and why prices continue to rise decades later. This video connects U.S. financial history with modern economic reality, explaining why saving money feels harder, why assets like stocks and real estate keep rising, and how the dollar’s value has changed since 1971. If you want to understand inflation, fiat money, and the true cost of abandoning the gold standard, this video is for you. #GoldStandard #USDollar #Inflation #NixonShock #FiatMoney #USEconomy #FederalReserve #Economics #FinancialHistory