However, 1971 saw the end of the gold standard in the U.S. when President Richard Nixon abandoned the monetary system as a response to widespread inflation, a ballooning trade deficit and the ...

President Nixon tried to quell inflation by dropping the gold standard, freezing prices, and raising tariffs. The effort ...

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 ...

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 ...