Modern Era · North America · Politics
1971
Nixon ends gold standard
August 15, 1971
In a Sunday evening television address, Richard Nixon announced that the United States would no longer convert dollars to gold on demand. The postwar Bretton Woods system was over. Currencies began to float against each other, and the modern era of global finance, with its booms, panics, and trillion-dollar flows, began.
In context
Also in 1971 (4 other events on record)
- Bangladesh Liberation War · South Asia · War
- Intel 4004 microprocessor released · North America · Technology
- PRC takes China's UN seat · East Asia · Politics
- Greenpeace founded · North America · Politics
Before and after in North America
Before and after in Politics
Era
Modern Era (1901–2000), one of 590 events from that era on Saeculum.