What event led to the return of economic balance between the United States and Europe?

Question

Quizplus · Accepted Answer

Richard Nixon's decision to let the dollar find its own level internationally was a significant move that led to the return of economic balance between the United States and Europe. This decision ended the Bretton Woods system of fixed exchange rates, allowing the value of the dollar to be determined by the foreign exchange market, which helped in correcting imbalances.

What Event Led to the Return of Economic Balance Between