Gold standard [ edit ] This section needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed. Find sources: "History of the United States dollar" – news · newspapers · books · scholar · JSTOR ( April 2019 ) ( Learn how and when to remove this template message ) Main article: Gold standard Note: all references to 'ounce' in this section are to the troy ounce as used for precious metals , rather than to the (smaller) avoirdupois ounce used in the United States customary units system for other goods. A gold-standard 1928 one-dollar bill. It is identified as a " United States Note " rather than a Federal Reserve note and by the words "Will Pay to the Bearer on Demand", which do not appear on today's currency. This clause became obsolete in 1933 but remained on new notes for 30
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