Birdwatch Note Rating
2023-12-19 21:38:45 UTC - NOT_HELPFUL
Rated by Participant: F0A30438268FFD4AB9DA130255E36210DAED5EDADCB5C7B8CA91144174E294EB
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