The Value of Currency
Author Frederick Kaufman discussed the history of currency, including the decision to move the United States from the gold exchange standard to a floating currency. He also talked about the future of money and the dollar.
Description
Author Frederick Kaufman discussed the history of currency, including the decision to move the United States from the gold exchange standard to a floating currency. He also talked about the future of money, non-traditional currencies and the dollar.
Bell Ringer Assignment
- What gave the U.S. Dollar value prior to 1971?
- What is meant by “floating the Dollar”? How did this change how the U.S. Dollar was valued?
- What is meant by the dollar being backed by the “full faith and credit of the United States”?
- How have people’s perceptions of money and currency changed recently?
- What are non-traditional examples of currency that the speakers mention?
- Based on this discussion, where does the value of a currency come from?
Additional Resources
Participants
Vocabulary
- Airline Miles
- Cryptocurrency
- Currency
- Federal Reserve
- Float Of The Dollar
- Gold Window
- Greenback
- Richard Nixon
- Underlying Value
- Universal Basic Income