Source: Sharelynx Gold
How many ounces of gold will $1000 purchase? These charts show the loss in purchasing power of the US Dollar from 1720 to 2012. The Nixon Shock of 1971 caused the last major devaluation of the US Dollar.
This second chart shows the percent change of purchasing power of the US Dollar since 1720 to 2012. Zero on the y-axis can represent USD $1. At 98.89%, it means represents the dollar worth less than 2 cents today.