How Much Do You Remember About The 1970s?

Caroline Gawlik|Entertainment|29 Jan 2020

The “Nixon Shock” refers to the ending of this.

68%
Retry Correct Incorrect In 1971, President Richard Nixon set into motion the end of the gold standard. It was initially seen as a failure because the American currency value lowered drastically, but today it is credited with creating the floating currency market.
Next
photo credit: Bettman/Getty Images
photo credit: Bettman/Getty Images

The “Nixon Shock” refers to the ending of this.

  • Gold standard
  • Loan restrictions for students
  • Interest limits on bank loans
  • Tax breaks for small businesses
68%

Scroll down to continue on!