kids encyclopedia robot

Nixon shock facts for kids

Kids Encyclopedia Facts

The Nixon shock was a series of economic measures done by United States President Richard Nixon in 1971, in response to increasing inflation. He froze wage and price. He also directed the cancellation of the direct international convertibility of the United States dollar to gold.

Images for kids

  • Nixon 30-0316a

    Richard Nixon in 1971

See also

Kids robot.svg In Spanish: Nixon shock para niños

kids search engine
All content from Kiddle encyclopedia articles (including the article images and facts) can be freely used under Attribution-ShareAlike license, unless stated otherwise. Cite this article:
Nixon shock Facts for Kids. Kiddle Encyclopedia.