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The United States stopped dollar-to-gold conversion for foreign official holders in 1971.

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A gold bullion weighing 12½ kg. Property of the Polish National Bank
Money

1971

The United States stopped dollar-to-gold conversion for foreign official holders in 1971.

On 15 August 1971, President Richard Nixon suspended the dollar’s official convertibility into gold. The decision closed a facility used by foreign official holders, not a gold exchange counter available to ordinary Americans.

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A modern McDonald's restaurant in Franklin, North Carolina
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Rent

McDonald's makes most of its franchise money from rent, not burgers.

Rent is the largest revenue category McDonald's reports from franchised restaurants, ahead of royalties. That does not mean rent is most of all corporate revenue, or that every franchise follows the same property arrangement.

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NintendoCards
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1889

Nintendo was founded in 1889 to sell handmade playing cards.

Nintendo traces its origins to Fusajiro Yamauchi making hanafuda playing cards in Kyoto in 1889. Its first home video game machines arrived in 1977, nearly nine decades later.

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