Nixon ends the gold standard

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• Debt: The First 5,000 Years whole source · open book

  Richard Nixon’s decision in 1971 to unpeg the dollar from precious metals entirely, eliminate the international gold standard, and introduce the system of floating currency regimes that has dominated the world economy ever since.

  chapter: In Search of a Myth

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• Richard Nixon mentioned

Appears in 2 stories

• Capitalism, liberalism, and the isms step 41
• Hinges of history step 58

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