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The U.S. dollar was formally changed to representative currency.
What else can I help you with?
Whing of the following did not happen during the Nixon presidency?
which of the following did not happen during the Nixon presidency/
Who got rid of the gold standard?
President Richard Nixon in 1971 using an act known as the Nixon Shock.
The term Nixon shock describes which of the following actions?
Nixon's decision to end the U.S. dollar's convertibility to gold
Do earthquakes trigger tsunami's?
Tsunami's can be triggered by earthquakes that happen underneath the ocean floor.
Did us president Ronald Reagan resign as a result of the Watergate affair?
No NIXON DID.
When did Shock Troopers happen?
Shock Troopers happened in 1997.
When did Creature Shock happen?
Creature Shock happened in 1994.
When did System Shock happen?
System Shock happened in 1994.
What was the Nixon Shock in the 1970?
The United States ended the conversion of U.S. dollars to gold
What was the result of the Watergate scandal on Nixon's presidency?
In 1974 Nixon resigned because of the Watergate Scandal.
What was the result of the Watergate's scandal on Nixon's presidency?
In 1974 Nixon resigned because of the Watergate Scandal.
What development became known as the Nixon shock?
The Nixon Shock refers to a series of economic measures enacted by U.S. President Richard Nixon in 1971, which included the suspension of the dollar's convertibility into gold. This decision effectively ended the Bretton Woods system of fixed exchange rates, leading to a shift towards floating currencies. The Nixon Shock aimed to combat inflation and stabilize the U.S. economy, but it also resulted in significant changes to international monetary policy and global economic dynamics.
