Gold was revalued around 1935 after Executive Order banning the ownership of Gold by citizens in 1933.

It was not legal to own Gold again until 1974. Not much news about this because the Media is controlled by the Elites that would rather have you not understand this issue.

Nixon took us off the gold standard but we had already printed WAY more money than we had Gold. So 'officially' going off the gold standard and when we actually went off the gold standard are two different things. It was a slow decay.

If you study history hard, the downfall of the USA actually started in 1913 - when the Federal Reserve was created. Remember too, 7 world bankers RESISTED the central Bank (for obvious reasons known now) until they were all on the Titanic in 1912 when it sunk. I'm sure it's just another coincidence. Look it up. Once they all were killed, opps - died accidentally - the next year the USA Federal Reserve was created. Regardless of what actually happened or how it happened - 1913 was pivotal.

MOST of the innovation in America was in the late 1800s. Steam then oil, electricity, communications - all the things we use today were created during HARD money times!

This explains the improvements in standard of living for America. Imagine where we may have been if we would have stayed on a Gold standard!

As a more recent comparison, think Apple Computer. In 1992 Jobs created the Newton - and that lead to the invention of the iPhone in around 2005. ALL of Apples business was created during Jobs, Tim Cook is a total loser - done nothing but incremental improvements in the business. BUT Cook gets credit for the massive stock run up.

Nation states develop over 100s of years, companies over decades. These analogies are everywhere if you research enough.

So to your question about Nixon and the Great Depression - it's hard to understand these HUGE time frames.

To summarize: Federal Reserve created 1913. US Gov stole 50% of citizens wealth in 1935.  Government continued it's massive spending and control of the people through 1971 including funding nearly EVERY war on BOTH sides for the next 50 years, at which time they had to default, again. After 1971, a race to the bottom funding endless wars, making the Elites filthy rich (Pelosi worth $300 million as a public servant), and robbing the working class of their standard of living.

And here we are. #Bitcoin should fix all this if it works (and I think it will).