in August 1971
The general public, the media and most financial observers were largely unaware of the momentous event that took place on August 15, 1971. However, the implications of that event have had an enormous impact on global financial conditions ever since. On that date, US President Richard Nixon �closed the gold window�. In essence, this meant the US would no longer honour the Bretton Woods Agreement of 1944, which made the US dollar the world�s reserve currency, and allowed other countries to convert their US-dollar holdings into gold. In simple terms, the US defaulted. Those who may have glanced at the announcement buried within the pages of their daily newspaper were unlikely to have understood the implications for their financial future.
Answer by Youngwifey2 at 2:23 PM on Aug. 24, 2010
youngwifey, try this one for your kids
Answer by Natesmom507 at 3:59 PM on Aug. 24, 2010
I'm old, I was trying to figure out how to get my link to work. We didn't have computers when I was young, had to learn from my grand-kids.
I thought it would be a good thing for youngwifey's school kids, seeing how it is for teachers to teach about Bretton Woods. I figure kids were more important then any points I lost.
Answer by Natesmom507 at 11:53 PM on Aug. 24, 2010
Next question overall
At what age is it ok to start letting your daughter date?
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