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In reply to the discussion: WTF happened in 1971? [View all]

LymphocyteLover

(5,601 posts)
1. Interesting but I have no idea.
Tue Jul 28, 2020, 09:39 PM
Jul 2020

Nixon was president and the Vietnam war was raging.

From google--
The Nixon shock was a series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.

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