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August 15, 1971: Emirate of Bahrain ... The following events occurred in August 1971: ... Armstrong was at the Civic Center Plaza in Chicago and was performing the ...
The Nixon shock was the effect of a series of economic measures, including wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold, taken by United States President Richard Nixon on 15th August 1971 in response to increasing inflation.
August 7 – Apollo 15 returns to Earth. August 11 – Construction begins on the Louisiana Superdome in New Orleans. August 15 – President Richard Nixon announces that the United States will no longer convert dollars to gold at a fixed value, effectively ending the Bretton Woods system. He also imposes a 90-day freeze on wages, prices and rents.
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December 10 – President Nixon signs a tax bill, cutting consumer and business taxes by 15.8 billion over the following three years, into law. [14] William Rehnquist is confirmed to the United States Supreme Court by a Senate vote of 68 to 26. [15] December 11 – United States Deputy Secretary of Defense David Packard resigns. [16]
Pages in category "August 1971 events in the United States" The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes. C.
University of Chicago Press. pp. 67–109. de Vries, Margaret Garritsen (1976). The International Monetary Fund, 1966–1971: The System Under Stress. Washington: International Monetary Fund. ISBN 978-0-939934-11-9. Eichengreen, Barry (2011). Exorbitant privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System.
August 1971 events in the United States (1 C, 5 P) This page was last edited on 27 January 2020, at 08:52 (UTC). Text is available under the Creative Commons ...