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The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States president Richard Nixon on 15 August 1971 in response to increasing inflation.
The Death of Money is a 1993 book [1] (and an article with the same title) by Joel Kurtzman, a former editor of Harvard Business Review.Kurtzman uses the "death of money" to refer to a change in the economic nature of money in the United States following Richard Nixon's removal of US dollar from the gold standard (as in the Bretton Woods system), informally referred to as the Nixon shock.
Richard Milhous Nixon (January 9, 1913 – April 22, 1994) was the 37th president of the United States, serving from 1969 until his resignation in 1974. A member of the Republican Party, he previously served as a representative and senator from California and as the 36th vice president from 1953 to 1961 under President Dwight D. Eisenhower.
“America is broke right now, and we saw that coming back in 1971, you know, Nixon took the dollar off the gold standard, and then this became trash,” he said during a recent Fox Business ...
The Nixon pardon of Sept. 8, 1974, caused a political and legal earthquake that still reverberates in the age of Trump. How Richard Nixon's pardon 50 years ago provides fuel for Donald Trump's ...
The Watergate scandal was a major political scandal in the United States involving the administration of President Richard Nixon which began in 1972 and ultimately led to Nixon's resignation in 1974.
Carter inherited high inflation from President Richard Nixon's term, which saw budget deficits and a Middle East oil shock that spiked energy prices. ... But less than a year after that speech ...
The phrase expletive deleted indicates that profanity has been censored from a text by the author or by a subsequent censor, usually appearing in place of the profanity. The phrase has been used for this purpose since at least the 1930s, [1] but became more widely used in the United States after the Watergate scandal.