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August 24, 2024 4 min read Definitions
Nixon Shock: Definition, Events, and Impact on the Global Economy
Economics History Finance Nixon Shock Bretton Woods Economic Policy Global Economy 1971
An in-depth exploration of the Nixon Shock, detailing the economic actions taken by President Richard Nixon in 1971, the subsequent collapse of the Bretton Woods system, and its far-reaching consequences on the global economy.
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