Birdwatch Note Rating
2023-12-19 19:29:42 UTC - HELPFUL
Rated by Participant: 50BB327938A917693926EA6422AA4F8A5B238A432653C2EDB0B3EA488D5E4872
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
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