End of Bretton Woods
The late 1960s marked a pivotal shift in global finance as the US struggled to maintain its economic dominance, leading to the end of the gold standard. The suspension of the dollar's convertibility into gold in 1971 initiated a new era of fiat currencies, fundamentally altering the international monetary system. While Bretton Woods lasted only 25 years, its legacy persists, with calls for a new approach still echoing today. The upcoming focus will delve into the petrodollar system, an informal arrangement that continues to shape global economics.In this clip
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The Bretton Wood System
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