The end of the Bretton Woods system occurred when the U.S. stated that it would no longer redeem gold for dollars.

Name: The end of the Bretton Woods system occurred when the U.S. stated that it would no longer redeem gold for dollars.
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The end of the Bretton Woods system was marked by President Nixon's announcement in 1971 that the U.S. would no longer convert dollars to gold at a fixed value, effectively ending the system of fixed exchange rates.

The End of the Bretton Woods System Occurred When the U.S