DeGaulle pushed Nixon to close the gold window at Treasury,and this one action moved the IMF toward a floating exchange rate system.

Question

Quizplus · Accepted Answer

The decision to close the gold window was made by President Nixon in 1971, primarily due to economic pressures and the depletion of U.S. gold reserves, not directly due to pressure from DeGaulle. This action led to the end of the Bretton Woods system and the move towards floating exchange rates.

DeGaulle Pushed Nixon to Close the Gold Window at Treasury,and