This initiative was not the handiwork of left-wing liberals but of the administration of Richard Nixon, a moderately ... Going off the gold standard and giving up fixed exchange rates constituted ...

The 1971 release of the “Pentagon Papers” was ... Fifty years ago this month, President Nixon announced the end of the gold standard to the U.S. monetary system. After a couple of years of the dollar ...

In the decades after President Richard Nixon abandoned the gold standard in 1971, the yellow metal fell out of favour with central banks, which hoarded their reserves in dollars instead.

The system dissolved between 1968 and 1973. In August 1971, U.S. President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. While the dollar had struggled ...

He blames the dollar’s present position on decisions taken many years ago, the primary one being President Nixon’s decision ...

Eventually, that agreement would be ditched by President Nixon in 1971 when the U.S. moved off the gold standard. Now, new builders are attempting to enact new economic paradigms using Bitcoin at ...