Final answer:
The value of money was separated from gold in 1971 when the US abandoned the gold standard and allowed the value of the US dollar to float freely.
Step-by-step explanation:
The value of money was separated from gold in 1971. Prior to 1971, many countries operated under the gold standard, which meant that the value of their currency was directly linked to a fixed amount of gold. However, in 1971, the United States, under President Richard Nixon, abandoned the gold standard and allowed the value of the US dollar to float freely in the foreign exchange market.
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