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Tenth Amendment Center: Today in History: Nixon Slams Shut the “Gold Window”

...from Tenth Amendment Center
Today in history, on August 15, 1971, President Richard Nixon slammed shut the “gold window” and eliminated the last vestige of the gold standard. By executive order, Nixon uncoupled gold from its fixed $35 price and suspended the ability of foreign banks to directly exchange dollars for gold. Nixon promised the action would be temporary […]

August 15, 2019 at 02:16AM

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