The Nixon Shock of 1971 is one of the most important turning points in modern economic history. It refers mainly to the decision by the United States to suspend the direct convertibility of the U.S. dollar into gold. Before this moment, the international monetary system was strongly shaped by the Bretton Woods framework, in which many currencies were linked to the U.S. dollar, while the dollar itself was linked to gold. This arrangement helped provide stability after the Seco