Richard Nixon: Breaking the Gold Standard and Reshaping 1970s Markets
Uncategorized |
19 Dec, 2025 |
Published
Richard Nixon's presidency marked a pivotal turning point in America's economic landscape, as he grappled with the dual demons of inflation and stagnation, ultimately leading to the unprecedented closure of the gold window in 1971. This decisive action not only dismantled the Bretton Woods system but also catalyzed a shift...