Gold Standard
Concept
The system where the US dollar's value was tied to gold, which Nixon removed in 1971, leading to the need for new mechanisms to create demand for the dollar.
Mentioned in 2 videos
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Videos Mentioning Gold Standard
Game Theory #25: Trump Visits China
Predictive History
The system where the US dollar's value was tied to gold, which Nixon removed in 1971, leading to the need for new mechanisms to create demand for the dollar.
Game Theory #27: Putin Enters the Chat
Predictive History
The system where currency is backed by gold, which the US abandoned in 1971, central to the shift in global economic power.