Breaking the gold standard completely in 1971 pt1
In this video, author of "Money, Gold, and History" Lewis Lehrman details the decision of president Nixon to take the United States fully of the gold standard.
| Creator | Time | URL |
|---|---|---|
Daily Reckoning | 3min |
Takeaway In 1971, the United States defaulted on their debts by halting the convertibility of the US dollar to gold.
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