Globalisation and the Global Economy · 1970–Present

The End of Bretton Woods

The shift from fixed exchange rates to the era of floating currencies and neoliberalism.

Key Questions

  1. 1Why did the gold standard collapse in 1971?
  2. 2How did the "Nixon Shock" change global trade?
  3. 3What was the impact of the 1973 Oil Crisis on the global economy?

MOE Syllabus Outcomes

MOE: Global Economy and Globalisation - JC2
Level: JC 2
Subject: History
Unit: Globalisation and the Global Economy
Period: 1970–Present

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