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> ... when the world moved off Breton Woods ... When Nixon decided to end Bretton Woods.

• curiousllama 3y ago
  “…when the world moved past the Kennedy Administration…”
• tastyfreeze 3y ago
  When Nixon stole gold from other countries by breaking an international treaty. The US is lucky no country declared war over the thievery.
  • adventured 3y ago
    > The US is lucky no country declared war over the thievery. There were no other countries capable of going to war with the sole global superpower. Not even remotely close. Western Europe desperately needed the US to continue standing off the Soviets. Who was going to declare war? Nobody of course. That remains true today (China for example can't project force outside of its borders effectively and the Europeans still desperately require the US to stand off the Russians).