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

what do you call two ratios that have the same value
graph x+2 is greater than -2
what is x3+3x2-x-3 factor by grouping
9/10 divided by (1/10 plus 2/5)
9/10 divided by (1/10 plus 2/5)
solve the missing measure of a square, when P=76inFormula: P=4s
It takes Akira 10 minutes to make a black and white drawing and 25 minutes for a color drawing.  On Saturday he made a total of 9 drawings in 2 hours.  Write an
If light travels 671,000,000 miles per hour, how many miles will it travel in one minute?
what do you call two ratios that have the same value
Geoffrey ate  2/3 of a mini pizza. Claire ate 1 3/4  times as much pizza as Geoffrey.  How many mini pizzas did Claire eat? Express your answer in simplest form