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- 22:09, 13 May 2025 Administrator talk contribs created page 1971 (Created page with "==WTF Happened in 1971?== On August 15, 1971, U.S. President Richard Nixon announced a series of economic measures, now called the Nixon Shock, that fundamentally altered the global monetary system. The key event was the end of the Bretton Woods system, which had tied global currencies to the U.S. dollar and the dollar to gold since 1944. Here’s what went down: *U.S. Ended Dollar’s Gold Convertibility: **Before 1971, under Bretton Woods, foreign governments could re...")