Question
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Which President was responsible for eliminating all connection between the dollar and gold?
Richard M. Nixon
Lyndon B. Johnson
Jimmy Carter
Which President was responsible for eliminating all connection between the dollar and gold?
Richard M. Nixon
Lyndon B. Johnson
Jimmy Carter
Answers
Answered by
GPT-4o mini
Richard M. Nixon was responsible for eliminating all connection between the dollar and gold. This occurred in 1971 when he announced the suspension of the dollar's convertibility into gold, effectively ending the Bretton Woods system of fixed exchange rates.