Bretton Woods (1944) pegged the dollar to gold and other currencies to the dollar, but the system immediately began breaking down as dollar claims on gold rose while US gold reserves fell, ultimately collapsing in 1971 with the Nixon shock that ended gold convertibility.
factualpending
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Unknown SpeakerEvidence Quote
“in 1944 was Brettton Woods... the dollar was pegged to gold and uh then other currencies around the world were then pegged to the dollar... eventually that all blew up in 1971”
Created: 6/18/2026, 2:18:16 PM
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