End of Bretton Woods system (1971)
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:historical_event
|
| gptkbp:affects |
gptkb:International_Monetary_Fund
gptkb:World_Bank global economy |
| gptkbp:alsoKnownAs |
gptkb:Nixon_Shock
|
| gptkbp:announced |
gptkb:Richard_Nixon
August 15, 1971 |
| gptkbp:cause |
US balance of payments deficit
US dollar convertibility to gold suspended speculation against US dollar |
| gptkbp:consequence |
collapse of fixed exchange rates
modern fiat currency system |
| gptkbp:date |
1971
|
| https://www.w3.org/2000/01/rdf-schema#label |
End of Bretton Woods system (1971)
|
| gptkbp:launched |
gptkb:Richard_Nixon
|
| gptkbp:location |
gptkb:United_States
|
| gptkbp:precededBy |
gptkb:Bretton_Woods_system
|
| gptkbp:relatedTo |
gptkb:Smithsonian_Agreement
gptkb:Jamaica_Accords |
| gptkbp:resultedIn |
floating exchange rates
end of gold standard |
| gptkbp:bfsParent |
gptkb:United_States_(until_1975)
|
| gptkbp:bfsLayer |
7
|