1971 Nixon Shock

GPTKB entity

Statements (57)
Predicate Object
gptkbp:instance_of gptkb:politics
gptkbp:caused_by end of the Bretton Woods system
https://www.w3.org/2000/01/rdf-schema#label 1971 Nixon Shock
gptkbp:influenced global economic policies
future monetary policies
gptkbp:initiated_by gptkb:Henry_Nixon
gptkbp:involved suspension of dollar convertibility to gold
gptkbp:is_a_moment_of US foreign policy
gptkbp:is_a_subject_of gptkb:historical_analysis
economic forums
economic policy discussions.
gptkbp:is_affected_by international monetary system
gptkbp:is_analyzed_in economic literature
gptkbp:is_associated_with stagflation
gptkbp:is_criticized_for creating uncertainty in global markets
gptkbp:is_debated_in political circles
gptkbp:is_influential_in future economic reforms
the structure of international finance
gptkbp:key the evolution of capitalism
the transition to fiat currency systems
gptkbp:key_event the history of the US dollar
gptkbp:led_to increased speculation in currencies
devaluation of the US dollar
gptkbp:led_to_a_shift_in US economic strategy
gptkbp:meets mixed reactions from economists
gptkbp:notable_event central banks worldwide
US economic policy history
the history of monetary policy
the history of the US dollar's value
the history of the US economy
gptkbp:notable_release August 15, 1971
gptkbp:occurs_in August 1971
gptkbp:prompted currency crises in the 1970s
gptkbp:resulted_in floating exchange rates
gptkbp:updates trade balances globally
gptkbp:was_a_catalyst_for financial deregulation
economic globalization
gptkbp:was_a_factor_in the development of modern finance
the rise of neoliberalism
the decline of the gold standard
the rise of the Eurodollar market
gptkbp:was_a_precursor_to the 1973 oil crisis
gptkbp:was_a_response_to trade deficits
global economic challenges
global economic instability
domestic inflation rates
economic pressures from abroad
inflation in the US
gptkbp:was_a_result_of domestic economic pressures
gptkbp:was_a_turning_point_for economic history
international trade relations
gptkbp:was_characterized_by price controls
gptkbp:was_followed_by the Smithsonian Agreement
gptkbp:was_influenced_by Vietnam War expenditures
gptkbp:was_part_of gptkb:Nixon's_New_Economic_Policy
gptkbp:bfsParent gptkb:Henry_Nixon
gptkbp:bfsLayer 3