The Nixon Shock

GPTKB entity

Statements (49)
Predicate Object
gptkbp:instance_of gptkb:historical_event
gptkbp:bfsLayer 3
gptkbp:bfsParent gptkb:Henry_Nixon
gptkbp:caused_by end of the Bretton Woods system
gptkbp:decided_by gptkb:the_United_States
gptkbp:demands foreign governments
gptkbp:encouraged other countries to reconsider their currency policies
gptkbp:established President Richard Nixon
gptkbp:followed_by the Smithsonian Agreement
gptkbp:founded the Federal Reserve's dual mandate
https://www.w3.org/2000/01/rdf-schema#label The Nixon Shock
gptkbp:influenced monetary policy
gptkbp:influenced_by Vietnam War expenditures
gptkbp:is_a_moment_of US economic history
gptkbp:is_affected_by international trade
gptkbp:is_analyzed_in its long-term effects
gptkbp:is_associated_with stagflation
the decline of the gold standard
gptkbp:is_cited_in currency crises
monetary sovereignty
gptkbp:is_criticized_for gptkb:the_Nixon_administration
its impact on global economies
gptkbp:is_discussed_in gptkb:Keynesian_economics
gptkbp:is_influential_in future US economic policies
gptkbp:is_linked_to the rise of inflation in the 1970s
gptkbp:is_often_associated_with globalization
gptkbp:is_often_compared_to gptkb:the_Great_Depression
gptkbp:is_part_of Nixon's economic policy
gptkbp:is_studied_in political economy
economic history courses
gptkbp:key the evolution of global finance
gptkbp:led_to floating exchange rates
currency markets
gptkbp:meets mixed reactions from economists
gptkbp:notable_event the 20th century
the history of the US dollar
gptkbp:notable_for US monetary policy
gptkbp:occurs_in August 15, 1971
gptkbp:research economic policy responses
gptkbp:resulted_in devaluation of the US dollar
gptkbp:subject economic historians
gptkbp:updates global financial system
gptkbp:was_a_catalyst_for financial deregulation
gptkbp:was_a_factor_in the rise of the Eurodollar market
the 1970s oil crisis
the transition to neoliberalism
gptkbp:was_a_response_to inflation
trade imbalances
gptkbp:was_a_turning_point_for US economic policy