Purchasing Power of the US Dollar 1913-2013 1913 Federal Reserve Is Created $100 $090 $080 $070 $060 $050 $040 $030 $020 $010 0 THE RESILIENCE GROUP Wwwresiliencegroupcom 1933 FDR's Executive Order Makes It Illegal to Hold Gold Coin Bullion or Certificates FOR 1944 Bretton Woods Established the F USD as the World's Reserve Currency TO IL 1971 Nixon Closes Gold Window End of Bretton Woodsbeginning of the Modern-Day Fiat Currency System L11180916G 005 SHINSTON Rasuverofthe Lunited States 1913 1923 1933 1943 1953 1963 1973 1983 1993 2003 2013 Source US Bureau of Labor Statistics Fiat Currency