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Basing dollars on gold is most definitely the reason why the price stayed the same, and why it started rapidly rising afterwards.

Except that if you actually look into the story that's almost definitely not what happened. The operators of Coke were dismissive of bottling and sold unrestricted bottling rights for a pittance, then, to keep prices down to prevent themselves from getting squeezed on the value chain by bottlers, they launched a nationwide advertising campaign to fix the price at a nickel, and finally their sales shifted from fountains to vending machines during at time at which a nickel was the only viable price point for the vending machine technology we had.

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