fredo62045 fredo62045
  • 12-10-2021
  • History
contestada

Why did Richard Nixon replace the gold standard with fiat currency in the
early 1970s?

Respuesta :

containmentformyexis
containmentformyexis containmentformyexis
  • 12-10-2021

President Richard Nixon's actions in 1971 to end dollar convertibility to gold and implement wage/price controls were intended to address the international dilemma of a looming gold run and the domestic problem of inflation.

Answer Link
danielwall700
danielwall700 danielwall700
  • 12-10-2021

Answer:

"to address the international dilemma of a looming gold run and the domestic problem of inflation."

Explanation:

Answer Link

Otras preguntas

Unsramble this: le comprar tu a padre qué vas a
Where does the majority of China’s population live?
what is the name of the biome trees drop their leaves in the autumn
The Neutrality Acts (1936-1939) held that the United States
Many southern states tried to limit the effects of radical reconstruction by
Which statement about writers in the 1700s is true? a. They struggled against monarchical censorship. b. They enjoyed a growing, more educated readership. c.
All of the following can be found in the dermis except a. blood vessels. b. nerve cells. c. sweat glands. d. pores.
Evaluate (8/9) to the zero power. I need to show all work involved at arriving at the answer.
Jayne says that 0.45 is equal to 4/10 is she correct
The Delian League was created to A) conduct democratic reforms in Athens. B) discourage further Persian invasions. C) maintain peace within the Greek world. D)