De Gaulle pushed Nixon to close the gold window at Treasury,and this one action moved the International Monetary Fund (IMF)immediately to establish a floating exchange rate system.

Question

Quizplus · Accepted Answer

In 1971, the markets encountered severe shock when Nixon took this action and remained closed for several days. When they reopened, currencies began to float freely against one another based on market forces.

De Gaulle Pushed Nixon to Close the Gold Window at Treasury,and