referred to as the “Nixon shock,” rocked the world economy. Nixon’s plan would be a success — in the short term. The Dow Jones industrial average would rise a record 32.93 points the day ...

It has been more than 50 years since the Nixon shock — August 15, 1971, when President Nixon went on national television to announce the historic change that the U.S. dollar would no longer be pegged ...

This initiative was not the handiwork of left-wing liberals but of the administration of Richard Nixon, a moderately conservative Republican who was a critic of government intervention in the economy.

They allege: “Nixon was involved in the plot and went along ... he smuggled a letter out of prison naming Johnson as the person behind the shock crime. He also alleged there was only “one ...