Birdwatch Note Rating
2023-08-28 10:10:09 UTC - HELPFUL
Rated by Participant: 4227F70DCB1CFBDFAF6309D7624AE342797BB88B49701333CCC557E076A16CBF
Participant Details
Original Note:
The FED, or the Federal Reserve, were not responsible for the end of the dollar gold standard, this was solely done by Nixon. However, he did consulted with the FED and Treasury Department. https://en.wikipedia.org/wiki/Nixon_shock https://www.investopedia.com/ask/answers/09/gold-standard.asp#:~:text=The%20gold%20standard%20is%20not,of%20the%20system%20in%201973. https://www.barrons.com/articles/gold-standard-dollar-dominance-bretton-woods-51628890861#:~:text=President%20Richard%20Nixon%20announcing%20the,15%2C%201971. US was the only major economy to end the gold standard late. https://eh.net/encyclopedia/gold-standard/
All Note Details