Nixon Ends Convertibility of US Dollars

Nixon Ends Convertibility of US Dollars
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  • Nixon Ends Convertibility of US Dollars
  • August 1971
    With inflation on the rise and a gold run looming, President Richard Nixon's team enacted a plan that ended dollar convertibility to gold and implemented wage and price controls, which soon brought an end to the Bretton Woods System.
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  • 9/9/2021, 11:30:11 AM
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