411 REFERENCE · Wiktionary
Nixon shock
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Etymology
From en Richard Nixon shock.
Pronunciation
en ɒk 3
Proper noun
1
en 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.
en eponyms
en History of the United States Richard Nixon