In the months following President Nixon's announcement of departure from the gold standard in 1971,the international monetary system was in chaos.

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President Nixon's announcement of departure from the gold standard shook the international monetary system, leading to economic chaos and instability. Countries around the world struggled to adjust to the new system, and there were fluctuations in exchange rates and inflation rates. It took several years for the global economy to stabilize after this event.

In the Months Following President Nixon's Announcement of Departure from the Gold