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Your Money's Worth What Devaluation of Dollar Means to You
An analysis notes the dollar devaluation against major currencies boosts U S exports while making imports costlier. It discusses Nixon actions including a 10 percent tariff on dutiable imports and a wage price freeze aimed at restoring faith with foreign creditors and stabilizing inflation. August 15, 1971 is cited as a turning point.
MENTIONED IN THIS ARTICLE
New York
U.S
Nixon
Comelfitzgerald
County Department of Beaches
Fitzgerald