Nixon got us off the gold standard. The scandals were just so you forgot the other things he did and the new president "fixed" everything but never overturned Nixon's bad policies so everything remained the same as they wanted.
Nixon closed the gold window but the devaluation of the dollar against gold had been going on for years. That's just when France called the US's bluff.
Nixon got us off the gold standard. The scandals were just so you forgot the other things he did and the new president "fixed" everything but never overturned Nixon's bad policies so everything remained the same as they wanted.
Basically use him and lose him.
Nixon closed the gold window but the devaluation of the dollar against gold had been going on for years. That's just when France called the US's bluff.
And normalized trade with China