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50 years since the end of the Bretton Woods monetary system – WSWS
The decision by President Nixon to close the gold window shattered the international monetary system that had formed a key foundation…
Fifty years ago, on the evening of Sunday, August 15, 1971, President Richard Nixon went on national television to announce that henceforth the US would no longer honour the agreement it had made at the Bretton Woods, New Hampshire, conference of July 1944…
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