Dollar Devaluation and Foreign Trade

  • Richard B. Du Boff
Keywords: Global Economic Crisis, Political Economy

Abstract

When President Nixon announced his "new economic policy" (NEP) to a stunned capitalist world on August 15, 1971, little did he dream that just four months later he would be standing in the Smithsonian Institution in Washington hailing an official devaluation of the dollar as "the most significant monetary agreement in the history of the world."
Published
1972-03-02
Section
Articles