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Overview#

Executive Order 11615 is an Executive order by President of the United States of America (NIXON) signed On 15 August 1971, Nixon pursuant to the  Economic Stabilization Act of 1970:

• unilaterally imposing 90-day wage and price controls
• a 10% import surcharge
• "closed the gold window", making the United States Dollar inconvertible to gold directly, except on the open market: effectively bringing the Executive Order 11615 to an end and rendering the United States Dollar a Fiat Currency.

More Information#

There might be more information for this subject on one of the following:

• Bretton Woods Conference
• Gold Standard