The Petrodollar System

On August 15, 1971, US President Richard Nixon ended the gold convertibility of the US Dollar and simultaneously ended the Bretton Woods System, which had governed international monetary policy since the end of the Second World War.

The system which replaced Bretton Woods wasn’t built on formal treaties and conferences. It was a highly informal system that, for the most part, still exists today.

Learn more about the petrodollar system, how it came to be, and how it works on this episode of Everything Everywhere Daily.

Subscribe to the podcast! 
https://podfollow.com/everythingeverywhere/
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Executive Producer: Darcy Adams
Associate Producers: Peter Bennett & Thor Thomsen
 
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Website: https://everything-everywhere.com/everything-everywhere-daily-podcast/

Everything Everywhere is an Airwave Media podcast." or "Everything Everywhere is part of the Airwave Media podcast network

Please contact [email protected] to advertise on Everything Everywhere.
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On August 15, 1971, US President Richard Nixon ended the gold convertibility of the US Dollar and simultaneously ended the Bretton Woods System, which had governed international monetary policy since the end of the Second World War.

The system which replaced Bretton Woods wasn’t built on formal treaties and conferences. It was a highly informal system that, for the most part, still exists today.

Learn more about the petrodollar system, how it came to be, and how it works on this episode of Everything Everywhere Daily.

Subscribe to the podcast! 

https://podfollow.com/everythingeverywhere/

--------------------------------

Executive Producer: Darcy Adams

Associate Producers: Peter Bennett & Thor Thomsen

Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere

Update your podcast app at newpodcastapps.com

Discord Server: https://discord.gg/UkRUJFh

Instagram: https://www.instagram.com/everythingeverywhere/

Twitter: https://twitter.com/everywheretrip

Website: https://everything-everywhere.com/everything-everywhere-daily-podcast/

Everything Everywhere is an Airwave Media podcast." or "Everything Everywhere is part of the Airwave Media podcast network

Please contact [email protected] to advertise on Everything Everywhere.

Learn more about your ad choices. Visit megaphone.fm/adchoices