Economics • Estimated 45m

Bretton Woods and 1971

economics.bretton-woods-1971

The 1971 suspension of dollar-gold convertibility marked the transition to the modern fiat era. This event is central to debates about monetary discretion, inflation, and hard-money alternatives.

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Curated resources (4)

• Nixon Shock (article) Overview of the 1971 policy shift and global monetary consequences.
• Federal Reserve History: Closing the Gold Window (article) Institutional perspective on the end of convertibility.
• The Ascent of Money (book) Long-run history framing before and after Bretton Woods.
• The Bitcoin Standard (book) Bitcoin-oriented interpretation of the post-1971 fiat transition and hard-money debate.

Direct prerequisites (1)

• History of Money

Direct dependents (0)

• None

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