The Smithsonian Agreement of 1971 was hailed by President Nixon as a fundamental reorganization of the international monetary system.In fact,what it accomplished was

Name: The Smithsonian Agreement of 1971 was hailed by President Nixon as a fundamental reorganization of the international monetary system.In fact,what it accomplished was
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The Smithsonian Agreement led to the devaluation of the dollar and a reduction in its gold content, as it adjusted exchange rates and moved away from the gold standard.

The Smithsonian Agreement of 1971 Was Hailed by President Nixon