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President Richard Nixon in 1971 using an act known as the Nixon Shock.
What else can I help you with?
Did abandoning the Gold Standard lead to the current recession?
No, excessive asset prices and inadequate financial regulation led to the current recession. Abandoning the gold standard got countries out of a far worse depression in the 1930s.
When was the revolution that got rid of the Provisional Government?
The Bolshevik Revolution got rid of the Provisional Government.
Who got rid of the hyksos?
Penises
How did the abandonment of the gold standard help economy during the depression?
By the time of the Great Depression, every major economic nation had gone off the gold standard. The US abandoned the gold standard in 1933 and confiscated gold coins. People had been hording gold so by confiscating the coins, the government was trying to make the public use banks and paper currency and not depend on gold.
How did gold get to California?
gold got to california by soil ( : VALERIE.O AT BANYAN :)
Did abandoning the Gold Standard lead to the current recession?
No, excessive asset prices and inadequate financial regulation led to the current recession. Abandoning the gold standard got countries out of a far worse depression in the 1930s.
Who was the first to adopt the gold standard?
The gold standard was first adopted in Britain in 1821Read more: gold-standard
Is there anything at all backing up the paper dollar today or is it just the paper it is printed on?
Haha, Faith nope nothing, for a long time the us dollar had the gold standard, which ment that they held the value of their currentcy in gold in vaults, then then during world war 1 or in the 20's or so, i don't know the date, they flipped from the gold standard to the gold-exchange standard which ment that you could still trade your dollar for gold i think 35 bucks would buy ya an ounce, then in 1971 Nixon got rid of that deal cause Vietnam cost a bunch of money. cheers haha, and the money is made of cotton
What did St Patrick's got rid of?
he got rid of all the snakes in Ireland
How do you get rid of gold?
sell it
What does the G stand for in penicillin G?
penicillin G stands for the phrase gold standard, as in gold standard penicillin.
Who got rid of the national bank?
Andrew Jackson got rid of the 2nd National Bank.
When was the revolution that got rid of the Provisional Government?
The Bolshevik Revolution got rid of the Provisional Government.
Who opposed gold standard?
the democrats opposed the gold standard. the republicans supported it.
Who is the gold standard in WWE?
gold standard, is the nickname (gimmick) of Shelton Benjamin
When was Gold Standard Laboratories created?
Gold Standard Laboratories was created in 1993.
Who would most likely vote for a Populist candidate in the 1890?
Private railroad ownership Getting rid of the income tax Sticking to the gold standard
