Aug. 15 1971 – Miami Crypto Coin

The 50th Anniversary of ‘Nixon Shock:’ How Suspending the Dollar’s Convertibility With Gold Fueled Today’s Fiat World

Post author:MiamiCrypto
Post published:August 15, 2021
Post category:50 years Aug. 15 1971 Bitcoin BTC convertibility gold Dollar Economics Featured Federal Reserve gold gold convertibility Gold Standard government spending Nixon administration Nixon Shock Nixon Shock Gold petro dollar Richard Nixon Treasury U.S. dollar USD Vietnam War Vietnam War Spending War War Spending

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this…