Birdwatch Note Rating
2023-12-20 19:56:14 UTC - NOT_HELPFUL
Rated by Participant: 10E6EB8DE1604734A0C7CF5BFE9DC210D38C218F3091B322FCE14887D055D15C
Participant Details
Original Note:
"Backed by" means to be able to exchange those notes against something of undisputable value like gold. In October 1976, the US government officially changed the definition of the dollar; references to gold were removed from statutes. https://www.federalreserve.gov/faqs/currency_12770.htm https://en.wikipedia.org/wiki/Gold_standard
All Note Details