The term "nixon shock" describes which of the following actions?
a. nixon's announcement of a gradual troop withdrawal in vietnam
b. nixon's impeachment for his role in covering up illegal activity
c. nixon's insistence that all u. s. allies jion the bretton woods system
d. nixon's decision to end the u. s. dollar's convertibility to gold

Correct answer choice is :

D) Nixon's decision to end the U.S. dollar's convertibility to gold

Explanation:

The Nixon shock was a set of financial means initiated by United States President Richard Nixon in 1971, the numerous important of which was the single removal of the immediate worldwide convertibility of the United States dollar to gold. While Nixon's steps did not formally terminate the current Bretton Woods system of international economic change, the respite of one of its key elements completely presented the Bretton Woods system defective. While Nixon publicly stated his purpose to continue direct convertibility of the money after changes to the Bretton Woods system had been completed, all efforts at reformation declared worthless.

i confess that there are several parts of this constitution which i do not at present approve, but i am not sure i shall never approve them: for having lived long, i have experienced many instances of being obliged by better information or fuller consideration, to change opinions even on important subjects, which i once thought right, but found to be otherwise. it is therefore that the older i grow, the more apt i am to doubt my own judgment, and to pay more respect to the judgment of others.

yes he can but hardly

explanation: