Permanent historical factsheet

Dollar Gold Convertibility Suspended

United States of America · Economy / Banking. Chronological records rendered directly from the World History Database.

1Records
1971Date range
1Named people
1Places

Chronological records

1971

Arthur Frank Burns15 August 1971

Washington · Economy / Central Banking

Nixon suspends the dollar's convertibility into gold as part of a new economic program, fundamentally changing the international monetary system in which the Federal Reserve conducts policy.

Names involved

Arthur Frank Burns

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.