Commodity money as a theoretical backing for federally issued "gold certificates" to substitute for the gold. Between 1933 and 1970 (when the U.S. officially left the gold standard), one U.S. dollar was technically worth exactly 1/35 of a troy ounce (889 mg) of gold. However, actual trade in gold bullion as a precious metal within the United States was banned after 1933, with the explicit purpose of preventing the "hoarding" of private gold during an economic depression period in which maximal circulation of money was desired by influential economists. This was a fairly typical transition from commodity to representative to fiat money,
Missionaries of the Precious Blood Missionaries of the Precious Blood The Missionaries of the Precious Blood form a community of priests and brothers within the Roman Catholic Church. The Society was founded by Saint Gaspar del Bufalo in 1815. The Missionaries of the Precious Blood is a shortened English translation of the Latin ""Congregatio Missionariorum Pretiosissimi Sanguinis Domini Nostri Jesu Christi,"" (The Congregation of Missionaries of the Most Precious Blood of Our Lord Jesus Christ). Priests and brothers use the post-nominal initials C.PP.S. after their names. It is a Society of Apostolic Life, composed of secular priests and brothers who live in community. Members do