Ask Question
HistoryHistory
12 January, 19:09

President Nixon's action to end the gold standard

A. created a budget deficit.

B. meant gold was no longer valuable.

C. meant the value of the dollar changed.

D. ended the US economic downturn.

+4
Answers (2)
  1. 12 January, 19:53
    0
    C. meant the value of the dollar changed.

    Explanation:

    President Richard Nixon took action in 1971 to end the convertibility of the dollar into gold and implement the price control system which is intended to deal with the international problem of hovering gold run and domestic economic problem of inflation.

    This new economic policy marks the end of the old Bretton woods international monetary system and put a halt on inflation.
  2. 12 January, 20:03
    0
    meant the value of the dollar that changed
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “President Nixon's action to end the gold standard A. created a budget deficit. B. meant gold was no longer valuable. C. meant the value of ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Why is Spain a good example of how most conquered peoples of other faiths were treated under the Umayyad caliphate? 1. Jews and Christians were forced to convert to Islam, though many chose to do so willingly. 2.
Answers (1)
As industry spread, the British government initiated reforms to improve workers' lives. What motivated reforms in Britain? What kinds of reforms were enacted in Britain? Respond in two or more well-organized paragraphs.
Answers (1)
In Middle Ages Europe, what was the political system in which control of land was the main source of power?
Answers (1)
In what way did president taft accomplish more than president roosevelt?
Answers (1)
1. what banned jim crow poll taxes that prevent blacks from exercising the 15th amendment? 2. reversed separate but equal with all deliberate speech 3. made literacy test and southern jim crow barriers of 15th amendment illegal 4.
Answers (1)
New Questions in History
According to W. E. B. Du Bois, what was the root cause of World War I?
Answers (1)
If we refer to each of the seven wonders by the first letter of its name, which of these is correct in terms of the order in which they were built?
Answers (1)
How did scientists apply Albert Einstein's equation E = mc2? A) to create functional spacecraft B) to develop nuclear power C) to change the law of gravity D) to improve public hygiene
Answers (1)
How did conflict between austria and prussia change the map of europe
Answers (1)
Which of the following are true of the United States legislature? Select all that apply. The House of Representatives has two representatives from each state. Senators are elected for a six-year term.
Answers (1)
Home » History » President Nixon's action to end the gold standard A. created a budget deficit. B. meant gold was no longer valuable. C. meant the value of the dollar changed. D. ended the US economic downturn.
Sign Up Forgot Password?