2 ms·
You got it backwards; ending the gold standard was very much a unilateral decision by the United States because Nixon couldn't handle making politically unpopul
by hylaride 4mo ago
You got it backwards; ending the gold standard was very much a unilateral decision by the United States because Nixon couldn't handle making politically unpopular decisions to cut spending and/or end the Vietnam war. Many countries that had their gold reserves held via US dollars were livid.