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Was Bretton Woods in place in 1967? That's a fixed exchange rate system. What might have happened in 1971 that changed the way thing worked overall?
by neilwilson 2y ago
Was Bretton Woods in place in 1967? That's a fixed exchange rate system.
What might have happened in 1971 that changed the way thing worked overall?
- dave4420 2y agoWhat has that got to do with this thread? A devaluation's a devaluation, whether you're forced into changing a fixed rate, or have it imposed on you by the markets.