Apparently, Franklin D. Roosevelt made it so money was not backed by gold in 1933. I don't know what would happen had he allowed it to remain as it had, but it is most definitely different from what is now.
Dow
-69.3/-0.69%
9,974.45
Nasdaq
-15.07/-0.68%
2,195.88
S&P
-6.08/-0.57%
1,067.95
No comments:
Post a Comment