What are things Richard Nixon did in an attempt to reduce the economic downturn?

He placed the United States onto the silver standard.

He deregulated the entire petroleum industry.

He issued two sets of price and wage controls.

He pulled the United States off the gold standard.

Question

Adolfo

English

29 August, 14:13

What are things Richard Nixon did in an attempt to reduce the economic downturn?

He placed the United States onto the silver standard.

He deregulated the entire petroleum industry.

He issued two sets of price and wage controls.

He pulled the United States off the gold standard.

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Answers (1)

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Cassius Hatfield · Answer 1

Hi! The answers are C and D.

President Nixon, in his government, ordered to freeze all the prices and wages, implementing what historically is called "Nixon Shock". This means, he abandoned the Bretton Wood System and the result was the dollar was no longer cashable to gold, losing his value. The decisions were implemented to reduce the crisis in the USA.

What are things Richard Nixon did in an attempt to reduce the economic downturn?He placed the United States onto the silver standard.He deregulated the entire petroleum industry.He issued two sets of price and wage controls.He pulled the United States off the gold standard.

What are things Richard Nixon did in an attempt to reduce the economic downturn?

He placed the United States onto the silver standard.

He deregulated the entire petroleum industry.

He issued two sets of price and wage controls.

He pulled the United States off the gold standard.