What is Nixon Shock

In 1971, in response to rising inflation, President Richard Nixon of the United States of America implemented a series of economic measures, 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. These measures were collectively referred to as the Nixon shock.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Nixon shock

Chapter 2: Gold standard

Chapter 3: Reserve currency

Chapter 4: Hard currency

Chapter 5: Bretton Woods system

Chapter 6: Devaluation

Chapter 7: Foreign exchange reserves

Chapter 8: International finance

Chapter 9: History of the United States dollar

Chapter 10: Triffin dilemma

Chapter 11: Monetary hegemony

Chapter 12: Smithsonian Agreement

Chapter 13: Robert Triffin

Chapter 14: Currency intervention

Chapter 15: Exorbitant privilege

Chapter 16: Fixed exchange rate system

Chapter 17: Exchange-rate flexibility

Chapter 18: International monetary system

Chapter 19: London Gold Pool

Chapter 20: History of monetary policy in the United States

Chapter 21: United States and the International Monetary Fund

(II) Answering the public top questions about nixon shock.

(III) Real world examples for the usage of nixon shock in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Nixon Shock.

Microeconomics