“Gold is money everything else is credit” J.P. Morgan From the 1830s the US was on a de facto gold standard and de jure gold standard since 1900. The Federal Reserve was legally obliged to convert dollars for gold on demand at a fixed price of $20.67 per ounce of gold since every bank note was a gold certificate.
"I don't like the idea that I’m not in control of my life" – Neo (The Matrix)