Nixon shock facts for kids
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
-
Richard Nixon in 1971
See also
In Spanish: Nixon shock para niños
Black History Month on Kiddle
Famous African-American Artists:
 | Delilah Pierce |
 | Gordon Parks |
 | Augusta Savage |
 | Charles Ethan Porter |
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.