The Unpegging
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The Unpegging
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About this listen
Ever bought a plane ticket only to find the price of your hotel room changed before you could book it? That's the wild world of floating currencies! Dive into this episode to witness the moment President Richard Nixon ripped the gold standard safety net right out from under the global economy in 1971. Discover why the world stopped trusting the U.S. dollar, how currencies suddenly broke free and started fighting each other, and how the Nixon Shock created a massive, constant, high-stakes casino known as the modern currency market.
This is the seventh episode of season one: The Greatest Events That Shaped How Business Works Today.
Got ideas for future themes? Let us know what you’d love to hear in upcoming seasons.
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