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TechFlow, on August 15, today marks the 54th anniversary of Nixon's announcement that the dollar was脱离 from the gold standard. On August 15, 1971, then-U.S. President Nixon announced the suspension of dollar convertibility into gold, ending the Bretton Woods system and ushering in the era of global fiat currencies. This decision, known as the "Nixon Shock," marked the final abolition of the international gold standard.
Today marks the 54th anniversary of Nixon's announcement that the dollar would脱离 the gold standard. On August 15, 1971, then-U.S. President Nixon announced the suspension of the dollar's convertibility into gold, ending the Bretton Woods system and ushering in the era of global fiat currencies. This decision, known as the "Nixon Shock," marked the final abolition of the international gold standard.
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