Birdwatch Note Rating
2023-08-28 04:24:21 UTC - NOT_HELPFUL
Rated by Participant: 4735AA622FF98EF779EC8568E86FBAAB34EC769A87C28AA31A8F08EFE0E6AD0A
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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/
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