55 YEARS AGO TODAY: NIXON ENDED THE US DOLLAR CONVERTIBILITY TO GOLD. On August 15, 1971, President Richard Nixon announced emergency economic policies that ended the convertibility of the U.S. dollar into gold for foreign governments. This move dismantled the Bretton Woods system, effectively took the United States off the gold standard, and launched a new era of floating fiat currencies.
Keep track of historical dates and events related to Bitcoin:#1537732
55 YEARS AGO TODAY: NIXON ENDED THE US DOLLAR CONVERTIBILITY TO GOLD.
On August 15, 1971, President Richard Nixon announced emergency economic policies that ended the convertibility of the U.S. dollar into gold for foreign governments. This move dismantled the Bretton Woods system, effectively took the United States off the gold standard, and launched a new era of floating fiat currencies.
Keep track of historical dates and events related to Bitcoin: #1537732