Gold Standard End
Amelia Scott
Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft
Beschreibung
Gold Standard End examines the monumental shift from the gold standard to fiat currency, focusing on Nixon's 1971 decision and its enduring impact on the US and global economy. This transition fundamentally altered monetary policy and international finance, creating both opportunities and risks.
The book reveals how the gold standard previously regulated monetary supply and exchange rates, while its collapse stemmed from rising inflation and pressures on US gold reserves. The book explores the rise of fiat currencies and the expansion of credit, providing a balanced view of both gold-backed and fiat systems.
Beginning with the historical context of the gold standard, the narrative progresses through the economic challenges of the 1960s, the Nixon Shock, and the increasing complexity of global financial markets. By drawing upon diverse sources like government documents and economic reports, the book offers a comprehensive analysis of economic history and its lasting effects.
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