April 1948
March 1971
August 1949
August 1971
Richard Nixon’s decision to delink the dollar from gold, announced without warning in August 1971, remade the global monetary system in an instant. Nixon’s action – announced on 15 August 1971 – had profound and long-lasting effects on the International Monetary Fund , South Africa and Africa.
- Richard Milhous Nixon was the 37th president of the United States, serving from 1969 until his resignation in 1974. A member of the Republican Party, he previously served as a representative and senator from California and as the 36th vice president from 1953 to 1961 under President Dwight D. Eisenhower.
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