How Nixon Killed the Gold Backed U S Dollar,Closed the Gold Window
The End of the Gold-Backed U.S. Dollar - Nixon Shock in August 1971
How Nixon Killed the U.S. Dollar
Takes Dollar Off Gold
Richard Nixon Takes the U.S. Dollar Off of the Gold Standard
August 15, 1971 - Richard Nixon Closes the Gold Window
On August 15th 1971 President Richard Nixon made a major announcement stating that the US Dollar would no longer be redeemable for gold. This meant that the Bretton Woods Monetary System was now over. This was a major shift in money and monetary policy.
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