Try again. Reaganomics and government interference to destroy the labor movement did significantly more damage. Bailing out failed corporations instead of the people they cheated did significantly more damage. Hell, irregular trade policy when there is a fragile supply chain has done more damage to working class people in the us. The working class, by design, was/is too cash poor to give a crap about what cash was based on.
Did you see the link I posted? The decline began well before Reagan, although Im sure Reagan didnt help.
Why take 71 and not 73? The graph are pretty bad, but it seems to me takin 1973 would be a more accurate date?
Doesnt change a thing. Learn to infer.
So deviation from the gold standard started the first world oil crisis?