It’s a common misconception that American currency is equal to the amount of gold in the US Treasury. When in fact, back in 1971, President Richard Nixon severed the ties between the dollar and gold, spurring other countries to do the same and ushering in a new era of money. So what exactly is money, and where did the concept come from?

Take a look at this infographic for more on what money exactly is and why we value it so much. Let us know what you think in the comments and don’t forget to like and share with your friends.

Why Do We Value Money? created by What is Money?