what happened to the U.S dollar when president Nixon closed the gold window?

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11-01-2022
Mathematics

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what happened to the U.S dollar when president Nixon closed the gold window?

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bushbella1110 bushbella1110 · Answer 1 · 2022-01-11T22:36:40+01:00

bushbella1110 bushbella1110

11-01-2022

The Nixon Shock effectively led to the end of the Bretton Woods Agreement and the convertibility of U.S. dollars into gold. The Nixon Shock was the catalyst for the stagflation of the 1970s as the U.S. dollar devalued.

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