Nixon Shock
Nixon Shock
DEFINITION
Nixon Shock is the term used to express the measures taken by President Nixon in 1971 to combat inflation in the American financial markets. The most significant law attributed to these measures was the removal of the dollar guaranteed by gold.
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Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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