54th Anniversary of the Nixon Shock: A Review of the Historical Moment When the Dollar Abandoned the Gold Standard

2025-08-15 04:40:26

[Coin World] On August 15, today marks the 54th anniversary of Nixon's announcement of the U.S. dollar's departure from the Gold Standard. On August 15, 1971, then U.S. President Nixon announced the suspension of the convertibility of the dollar to gold, ending the Bretton Woods System and ushering in the era of global fiat currencies. This decision is referred to as the "Nixon Shock," marking the final abolition of the international Gold Standard.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
10
Repost
Share

Comment

0/400

NFTRegretDiary

· 08-18 03:44

The big market rescue has turned into a big eyewash...

View OriginalReply0

Degen4Breakfast

· 08-17 00:31

He actually pressed the gold standard to death.

View OriginalReply0

MEV_Whisperer

· 08-15 07:30

The first day after the gold standard was abolished, fiat began to die a slow death.

View OriginalReply0

NightAirdropper

· 08-15 05:10

The American Empire really knows how to play.

View OriginalReply0

ContractHunter

· 08-15 05:08

This move is indeed clever.

View OriginalReply0

TradFiRefugee

· 08-15 05:05

The US won big.

View OriginalReply0

fomo_fighter

· 08-15 05:01

The first leek of the fiat era

View OriginalReply0

MoneyBurner

· 08-15 04:58

The gold standard is gone, BTC is the best hedging! Let's do a deal.

View OriginalReply0

LiquidationWatcher

· 08-15 04:50

It's just a fiat game.

View OriginalReply0

Topic
#Token of Love: Cheer on Square & Win Tickets
22k Popularity
#Crypto Market Rebound
215k Popularity
#FOMC July Minutes
36k Popularity
#Show My Alpha Points
178k Popularity
#Crypto-Related xStocks Rally
5k Popularity

Sitemap