Video: 'The Challenge of Peace - President Nixon's Address to the Nation on A New Economic Policy'
(Sunday, August 15, 1971, 9 p.m. EDT; during the Nixon shock) — President Richard Nixon announced tonight that the United States would no longer convert dollars to gold at a fixed value, effectively ending the Bretton Woods system. Continue reading President Nixon ends convertibility of U.S. Dollars to gold and announces wage/price controls 50 years ago this hour #OnThisDay #OTD (Aug 15 1971)