{"id":2661,"canonical_url":"https://www.kudos365.com/today-in-history/events/1971ce-aug-15--2661","name":"1971 CE, August 15","year":1971,"era":"CE","month":8,"day":15,"url":"https://www.kudos365.com/today-in-history/events/1971ce-aug-15--2661","iso-date":"1971-08-15","precision":"year-month-day","description":"\u003cp\u003e\u0026nbsp;President Richard Nixon announces\u0026nbsp; in a Television address on August 15, 1971, that he was unilaterally suspending the dollar's direct convertibility to gold, effectively ending the Bretton Woods system and moving the U.S. toward a fiat currency system. The\u0026nbsp; official confirmation of devaluation came later with the December 1971 Smithsonian Agreement.\u003c/p\u003e","additional_details":"","photo":"","created_at":"2025-03-26T10:19:00-07:00","updated_at":"2026-01-17T20:09:27-08:00","breadcrumbs":{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"August History","item":"https://www.kudos365.com/today-in-history/august"},{"@type":"ListItem","position":2,"name":"August 15","item":"https://www.kudos365.com/today-in-history/august-15"}]},"schema":{"@context":"https://schema.org","@type":"Thing","@id":"https://www.kudos365.com/today-in-history/events/1971ce-aug-15--2661#eventK365","name":"1971 CE, August 15","headline":"President Richard Nixon announces in a Television address on August 15, 1971, that he was unilaterally... - 1971 CE","description":" President Richard Nixon announces  in a Television address on August 15, 1971, that he was unilaterally suspending the dollar's direct convertibility to...","url":"https://www.kudos365.com/today-in-history/events/1971ce-aug-15--2661","additionalType":"HistoricalEvent","inLanguage":"en","datePublished":"2025-03-26T10:19:00-07:00","dateModified":"2026-01-17T20:09:27-08:00","publisher":{"@id":"https://www.kudos365.com/#organizationK365"},"temporalCoverage":"1971-08-15","isPartOf":[{"@id":"https://www.kudos365.com/#websiteK365"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/august","name":"What Happened in August History"},{"@type":"CollectionPage","@id":"https://www.kudos365.com/today-in-history/august-15#pageK365","name":"What Happened on August 15"}]}}