Can You Pass This 1970s History Quiz?

Culture July 10, 2020

President Richard Nixon enacted the “Nixon Shock,” ending this.

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Retry Correct Incorrect The end of the gold standard was known as the “Nixon Shock.” The move was initially seen as a failure, and the value of American currency plummetted. Today the act is seen as a success for the floating currency market it created.
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photo credit: Bettman/Getty Images
photo credit: Bettman/Getty Images

President Richard Nixon enacted the “Nixon Shock,” ending this.

  • Loan restrictions for students
  • Gold standard
  • Tax breaks for small businesses
  • Interest limits on bank loans
20%

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