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TiMELiNES

August 1971

Nixon ends dollar convertibility into gold

The Nixon shock effectively ended the Bretton Woods gold-dollar system.

Canonical milestoneUnited States1 timeline

Context

Appears In

TimelineTimeline of the Gold Standard

Position 20

Authority

Sources

Federal Reserve HistoryConfidence 97%

Taxonomy

Tags

financeunited-statesgold