Was the US Dollar ever back by gold ingots?
Answers:
at one point the dollar be back by gold ingots but immediately the dollar is solely back by the government word
yes. Until the presidency of FDR.
During its history, the US currency have be back by both silver and gold ingots. From 1900 to 1968, this bi-metal standard be cast off and the dollar be back exclusively by gold ingots.
Various gold ingots peg be tried between 1968 and 1975. In 1975 the gold ingots standard be entirely discarded.
See the following Wikipedia entry:
http://en.wikipedia.org/wiki/united_stat...