Newsflash Ivan: The Bretton Woods system collapsed a half century ago when Nixon took us off the gold standard.
Fun fact: this happened because the US spent like a drunken sailor on war, and other nations got nervous the US didn't have the gold it swore up and down it had. So France loaded up a warship with US dollars and sailed it to the East Coast, demanding the gold they were due. Nixon promptly reneged.
Newsflash Ivan: The Bretton Woods system collapsed a half century ago when Nixon took us off the gold standard.
Fun fact: this happened because the US spent like a drunken sailor on war, and other nations got nervous the US didn't have the gold it swore up and down it had. So France loaded up a warship with US dollars and sailed it to the East Coast, demanding the gold they were due. Nixon promptly reneged.