Money ended when Nixon took the United States
off the gold standard in 1971.
Nixon didn’t have any choice. Don’t blame him.
More correctly FDR, who actually outlawed Americans from owning monetary gold, ($10,000 fine) repudiated gold clause contracts which were prior to that common in real estate lease agreements, reneged on government issued gold bonds, accused the American people of “Hoarding” and confiscated at least 10,000 tons of gold coinage, and stuffed it into a vault at Ft. Knox.
Blaming Nixon is a bit specious.
FDR eliminated gold coinage in 1933 and even made it illegal for Americans to retain existing gold coinage.
LBJ eliminated silver coinage in 1965.
All Nixon did was to stop foreign governments from buying our gold at below market prices.
ML/NJ