WebMar 13, 2013 · Of course, the world used to be on a type of gold standard known as the Bretton Woods Agreement. Tracing the history of this gold standard and its demise ultimately led me to one man — US President Richard Milhous Nixon — the man who untethered the cord linking currencies to gold; the man who sold the world fiat money. … WebApr 11, 2024 · After the fall of the Bretton Woods system, the EU initiated an original path towards monetary integration which led to the establishment of the European monetary system (EMS) in the 1980s and the economic monetary union (EMU) in the 1990s. ... The fall of the Berlin Wall strengthened Kohl’s pre-existing pro-European convictions in the ...
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