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throw0101d a day ago

> The 1920's gilded age was fueled by fiat money, the greenback.

So-called fiat money didn't become a thing until after FDR became president, which was after 1932.

nighthawk454 a day ago | parent | next [-]

> Greenbacks … a form of fiat money

https://en.wikipedia.org/wiki/Greenback_(1860s_money)

SJC_Hacker a day ago | parent [-]

This was a wartime measure. The US went back to a hard money system soon after the civil war ended

Noaidi a day ago | parent | prev [-]

I think at this point you should read a bit more about the antebellum period.