Bretton Woods and the Financial Crisis of 1971
Introduction The unbelievably devastating economic crisis that hit America in 1971 impacted the world economy. After World War II, the Bretton Woods system left several problems, including overvaluation, resulting in negativity as dominoes for the international economy. This essay evaluates the motivations behind President Nixon’s strategy of suspending the conversion of dollars to Gold. The ... Read More
Pages: 6 Words: 1497