Birdwatch Note Rating
2023-12-19 19:36:18 UTC - NOT_HELPFUL
Rated by Participant: DD5B097B618E212AB56A48056C7C386DBF4AAD620B7417B94D797136A5EC6601
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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