Mises Wire
Author:
Ronald-Peter Stöferle
Online Publish Date:
The Lead-Up to the Plaza Accord To understand the Plaza Accord, one has to look back to August 15, 1971. On this day Richard Nixon closed the gold window. This step de facto ended the Bretton Woods system, which had been created in 1944 in the New Hampshire town of the same name and was formally terminated in 1973. The era of gold-backed currency