Doubtful, considering money back then was pinned to something like gold or silver.
Comment on The $20 USD bill is the new 5$ bill
jeffw@lemmy.world 15 hours ago
Ye olde halfpence is now a nickel!
- definitely someone a few hundred years ago
reddig33@lemmy.world 15 hours ago
foggy@lemmy.world 15 hours ago
Are you under the impression that this prevented inflation somehow?
Spoiler: it didn’t.
BananaIsABerry@lemmy.zip 15 hours ago
Shhh don’t tell them about what happened after both world wars
jubilationtcornpone@sh.itjust.works 14 hours ago
Or the time Ulysses Grant ordered the Treasury to flood the gold market - temporarily tanking the US economy - in order to crush his own brother in laws market manipulation scheme.
667@lemmy.radio 15 hours ago
The US went off the gold standard in 1971 and OP is talking about 10 years ago, so 2016.
reddig33@lemmy.world 15 hours ago
I’m replying to the “100 years ago” guy talking about halfpence.
667@lemmy.radio 14 hours ago
Ahh, fair. I misread that.
HakFoo@lemmy.sdf.org 13 hours ago
During thr gold-standard era, 1GBP was around 5USD, but a halfpenny was 1/480 of a pound, so a little more than a cent. The large-format cents issued up to 1857 were similar in size to the halfpennies of the late 1700s.