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Why Richard Nixon torpedoed the global monetary system
A century ago, when depositors lost confidence in a bank, they’d rush to withdraw their cash. In 1971, US president Richard Milhous Nixon faced a similar dilemma. But his problem wasn’t ordinary citizens fearing for thei...
About This Episode
Why Richard Nixon torpedoed the global monetary system is an episode from Behind The Money with the Financial Times by Topher Forhecz. A century ago, when depositors lost confidence in a bank, they’d rush to withdraw their cash. In 1971, US...
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Published Jun 3, 2026, 39:09 long, audio available.
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