What happened in the 1970s?
π Economic Shift: The introduction of the 1973 Bretton Woods Agreement, ending the gold standard.
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Further Reading
Bretton Woods Agreement and the Institutions It Created Explained (investopedia.com)
Creation of the Bretton Woods System | Federal Reserve History (federalreservehistory.org)
Bretton Woods system - Wikipedia (wikipedia.org)
The operation and demise of the Bretton Woods system: 1958 to 1971 (cepr.org)
End of the gold-dollar standard and switch to a floating exchange ... (citeco.fr)
History: The end of the Bretton Woods System (1972β81) (imf.org)
Bretton Woods Agreement - Overview, History, Significance (corporatefinanceinstitute.com)
Launch of the Bretton Woods System | Federal Reserve History (federalreservehistory.org)
Key Components Of The Bretton Woods Agreement - FasterCapital (fastercapital.com)
The Bretton Woods International Monetary System - LinkedIn (linkedin.com)