President <a href="https://en.wikipedia.org/wiki/Richard_Nixon" id="mwAdQ" rel="mw:WikiLink" title="Richard Nixon">Richard Nixon</a> completes the break from the <a href="https://en.wikipedia.org/wiki/Gold_standard" id="mwAdU" rel="mw:WikiLink" title="Gold standard">gold standard</a> by <a class="mw-redirect" href="https://en.wikipedia.org/wiki/Nixon_Shock" id="mwAdY" rel="mw:WikiLink" title="Nixon Shock">ending</a> convertibility of the <a href="https://en.wikipedia.org/wiki/United_States_dollar" id="mwAdc" rel="mw:WikiLink" title="United States dollar">United States dollar</a> into gold by foreign investors.