Nixon Shock - Why Richard Nixon torpedoed the global monetary system _The Story of Money
In 1971, President Richard Nixon made a historic decision that changed the global financial system forever. By suspending the US dollar's convertibility into gold, he triggered the collapse of the Bretton Woods monetary system and transformed the way money works around the world.
Discover the political decisions, economic pressures, and financial conflicts behind the Nixon Shock, and explore how this extraordinary moment reshaped international trade, currency markets, and America's role in the global economy.
The Story of Money — uncovering the events that changed the world of finance.
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