On August 15, 1971, Nixon announced a set of measures now known as the Nixon Shock which included ending the Bretton Woods system effectively moving the U.S. (and soon the world) to a fiat currency system.
On August 15, 1971, Nixon announced a set of measures now known as the Nixon Shock which included ending the Bretton Woods system effectively moving the U.S. (and soon the world) to a fiat currency system.
