Watch Nixon Ends Bretton Woods (youtube)
Think about the market for foreign exchange. Provide a list of
a) Problems Nixon identifies,
b) Sources of the problem that Nixon identifies.
c) Policy actions that Nixon explains he is instituting, and evaluate their effect
Provide an assessment how truthful Nixon’s statement’s are. Provide additional reasons for the crisis, if you have any.
If Nixon’s concern was to stabilize the dollar, what does your study of the balance of payments 472 tell you about appropriate policies that he should have underaken?