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0 Views • Aug 30, 2023 • Click to toggle off description
The decision to abandon the gold standard had far-reaching consequences for the global economy.
Why🤔 did Nixon take the United States🏛️ off of the gold standard🔒?
• Why🤔 did Nixon take the United States...
#viral #shorts #richardnixon #RetirementAge #RetirementPlanning #financialfreedom #retirementplanning
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President Nixon took the United States off of the gold standard in 1971 as a response to the economic challenges of the time. The country was facing high inflation and a balance of payments deficit, and gold reserves were being depleted as foreign countries were exchanging their dollars for gold. By taking the country off of the gold standard, Nixon aimed to give the Federal Reserve more flexibility in controlling the money supply and managing the econom
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