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A comment on Why ancient Rome matters to the modern world. Parent comment

Re:Why ancient Rome matters to the modern world by PepeGomez on Thursday October 08, 2015 @08:29AM (#10352249)
No, we dropped it because Nixon printed more dollars than he had gold and the system collapsed.
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Re:Why ancient Rome matters to the modern world by creshal on Thursday October 08, 2015 @08:48AM (#10352354)
Fiat currencies pre-date the US by over five hundred years.
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Re:Why ancient Rome matters to the modern world by PepeGomez on Thursday October 08, 2015 @08:53AM (#10352381)
While fiat currencies might have been used locally when gold wasn't available, gold was the world currency until the 70's. https://en.wikipedia.org/wiki/Nixon_Shock
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Re:Why ancient Rome matters to the modern world by creshal on Thursday October 08, 2015 @09:05AM (#10352464)
And even that only from about the 1820s or 1870s to the 1970s. The gold standard was only introduced because Europe ran out of silver after using it all to pay for Chinese goods.
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Re:Why ancient Rome matters to the modern world by PepeGomez on Thursday October 08, 2015 @09:16AM (#10352528)
Gold was already used in ancient Rome as currency.
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