50589414 50589414
  • 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 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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