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Bretton Woods was abandoned in 1973 when it became impossible for the US to maintain its gold peg. Not a criticism of your main point.
by trevelyan 18y ago
Bretton Woods was abandoned in 1973 when it became impossible for the US to maintain its gold peg. Not a criticism of your main point.
- peakok 18y agoActually you're right, for some reason I always assumed that it was the Bretton Woods agreements that removed the tie between gold and money. My mistake. Still, my point is the same as you say.