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In August 1971, U.S. President Richard Nixon made a historic decision that ended the Bretton Woods monetary system by suspending the dollar’s convertibility into gold. This five-minute academic video explains how that action redefined the foundations of global finance and reshaped international power structures.

Through a clear, fact-based narrative, the video explores: The structure and purpose of the Bretton Woods system The economic pressures that led to Nixon’s decision The global shift from a gold-backed to a fiat currency system How monetary institutions and U.S. financial dominance influence modern power relations Ideal for students and educators in economics, political science, and international relations, this educational presentation provides a concise, analytical understanding of one of the most pivotal moments in economic history. In August 1971, U.S. President Richard Nixon made a historic decision that ended the Bretton Woods monetary system by suspending the dollar’s convertibility into gold. This five-minute academic video explains how that action redefined the foundations of global finance and reshaped international power structures. Through a clear, fact-based narrative, the video explores: The structure and purpose of the Bretton Woods system The economic pressures that led to Nixon’s decision The global shift from a gold-backed to a fiat currency system How monetary institutions and U.S. financial dominance influence modern power relations Ideal for students and educators in economics, political science, and international relations, this educational presentation provides a concise, analytical understanding of one of the most pivotal moments in economic history.