The modern banking system and monetary policy was created under FDR. Nixon just stoped pretending it was backed on gold and told de Gaulle to kick rocks when he asked for the gold back.
Realistically the changes under Nixon are peanuts compared to the digitization of it all since the introduction of systems like Swift.
The modern banking system and monetary policy was created under FDR. Nixon just stoped pretending it was backed on gold and told de Gaulle to kick rocks when he asked for the gold back.
Realistically the changes under Nixon are peanuts compared to the digitization of it all since the introduction of systems like Swift.