Old Hat (horse) of Flowers, and Venture were also competing. Among this company, she was voted Champion Female Handicap Horse by the Thoroughbred Racing Association in 1964, although the rival "Daily Racing Form" chose the three-year-old Tosmah. Old Hat won both awards in her best season, 1965, when she was six years old. Old Hat raced for six years, starting in 80 races. She won 35 times, placed 18 times, and came in third 9 times. All in all, she was in the money 62 times. Old Hat (horse) Old Hat (foaled in Kentucky in 1959), was an American Thoroughbred racing mare by
Fiat money it represents a claim on a commodity (which can be redeemed to a greater or lesser extent). Fiat money first began to be used in China in the 11th century. Since then, it has been used by various countries, usually concurrently with commodity currencies. Fiat money started to dominate in the 20th century. Since the decoupling of the US dollar from gold by Richard Nixon in 1971, a system of national fiat currencies has been used globally. Fiat money has been defined variously as: The term "fiat" derives from the Latin "fiat" ("let it be done") used in the sense