Nixon Shock

GPTKB entity

Properties (50)
Predicate Object
gptkbp:instanceOf economic event
gptkbp:amends global financial landscape
gptkbp:associated_with stagflation
gptkbp:consequences currency devaluation
gptkbp:controversy economists
gptkbp:criticism lack of foresight
gptkbp:date August 15, 1971
gptkbp:established gptkb:Richard_Nixon
gptkbp:followedBy 1973 oil crisis
gptkbp:historical_significance transformation of international monetary system
https://www.w3.org/2000/01/rdf-schema#label Nixon Shock
gptkbp:impact global economy
international trade relations
international finance.
U.S._dollar_value
gptkbp:influenced domestic political pressures
Vietnam_War_funding
future_U.S._economic_policies
gptkbp:involved suspension of dollar convertibility to gold
gptkbp:is_a modern economic policies
gptkbp:is_a_celebration_of decisive action
gptkbp:is_a_gathering_for U.S._monetary_policy
gptkbp:is_a_subject_of economic conferences
documentaries
gptkbp:is_featured_in controversial decision
gptkbp:is_part_of Nixon_administration_policies
gptkbp:is_studied_in historians
economic studies
gptkbp:is_used_in academic journals
political discourse
gptkbp:keyEvent U.S._economic_history
gptkbp:led_to floating exchange rates
increased speculation in currency markets
increased inflation rates
increased volatility in exchange rates
gptkbp:precededBy gptkb:Bretton_Woods_Conference
gptkbp:related_to inflation
trade deficits
gptkbp:resultedIn gptkb:end_of_the_Bretton_Woods_system
changes in monetary policy
gptkbp:significantEvent U.S._history
gptkbp:suitableFor major economic policy shift
gptkbp:triggerType economic reforms
gptkbp:was_a_catalyst_for financial deregulation
gptkbp:was_a_factor_in global economic policies
U.S._economic_decline_in_the_1970s
U.S._trade_policy_changes
gptkbp:was_a_response_to economic pressures
global economic instability
rising gold prices