Nixon ends the gold standard
1971 · Event
The 'Nixon shock' suspends the dollar's convertibility to gold, effectively ending the Bretton Woods system; by 1973 floating exchange rates have replaced it.
On these timelines: Economic History, USA, Master
More from Economic History
- Adam Smith (1723)
- Keynes publishes The General Theory (1936)
- Bretton Woods conference (1944)
- Croesus introduces the first bimetallic coinage (550 BCE)
- 1973 oil crisis (1973)
- New Deal (1933)
- Marshall Plan (1948)
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Around 1971
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- Iranian Revolution (1978)
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- Watergate scandal (1972)
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- Apollo 11 moon landing (1969)
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