During which Presidential administration did the United States both end its commitment to Bretton Woods and institute significant wage and price controls?
A) Dwight Eisenhower.
B) Richard Nixon.
C) Jimmy Carter.
D) William Clinton.

Question

Quizplus · Accepted Answer

The United States ended its commitment to the Bretton Woods system and instituted significant wage and price controls during the administration of President Richard Nixon. This period marked a significant shift in U.S. economic policy, including the suspension of the dollar's convertibility into gold in 1971.

During Which Presidential Administration Did the United States Both End