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Nixon shock. In DICTIOUS you will not only get to know all the dictionary meanings for the word
Nixon shock, but we will also tell you about its etymology, its characteristics and you will know how to say
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English
Etymology
Richard Nixon + shock
Pronunciation
Proper noun
the Nixon shock
- (economics, historical) A series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.