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The Youtube channel Bloomberg Television has published today a new video called The End of the Bretton Woods System | On This Day. You want to discover this video and watch it in streaming, you are lucky we put it aside for you!
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For your information, you can find below the description of the video The End of the Bretton Woods System | On This Day published by the Youtube channel Bloomberg Television:
On this day, August 15th, 1971, US President Richard Nixon pitched to the nation a firehose of economic policy changes designed to combat an economic winter that has seen inflation triple over two years. The unemployment rate spike above 6%, and a balance of payments surplus reverse to a soaring deficit. Facing intense voter pressure to avoid another recession.
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