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The U.S. Dollar slide is evocative of the Nixon era

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Under Nixon, America abandoned the gold standard and switched to a free-floating exchange rate.
The article from Fortune discusses the current decline of the U.S. dollar, drawing parallels to the economic conditions during the Nixon era in the early 1970s. It highlights how the dollar's value has been affected by recent economic policies and global market dynamics, reminiscent of the period when President Nixon ended the Bretton Woods system by closing the gold window in 1971. The piece also touches on the potential implications of a weakening dollar, including rising inflation and shifts in global economic power, while noting that some experts believe the situation today, though serious, is not as dire as it was during Nixon's time.

Read the Full Fortune Article at:
[ https://fortune.com/article/us-dollar-slide-evocative-of-nixon-era/ ]