Attempting to correct the imbalance of 1960s deficits, President Nixon cut the link between the dollar and gold.

Name: Attempting to correct the imbalance of 1960s deficits, President Nixon cut the link between the dollar and gold.
Brand: Quizplus
Rating: 4.9 (65 reviews)

Question

Quizplus · Accepted Answer

President Nixon did indeed cut the link between the dollar and gold in an effort to address the economic deficit during the 1960s. This move was known as the Nixon Shock and had significant long-term effects on the global economy.

Attempting to Correct the Imbalance of 1960s Deficits, President Nixon