18 Oct 1971, Washington, DC, USA --- In August 1971, American President Richard Nixon (1969-1974) scrapped the gold exchange standard, in effect cancelling the 1944 Bretton Woods agreement that set up the IMF, leading to the introduction of a 10% tax on imports and a freeze on prices and American salaries for three months. As a result, the printing of dollar notes accelerated at the Bureau of Engraving and Printing (BEP), employing 3000 people. Dollar bills are sorted and wrapped in plastic and the amount on each pile written on the wrapping. --- Image by © JP Laffont
18 Oct 1971, Washington, DC, USA --- In August 1971, American President Richard Nixon (1969-1974) scrapped the gold exchange standard, in effect cancelling the 1944 Bretton Woods agreement that set up the IMF, leading to the introduction of a 10% tax on imports and a freeze on prices and American salaries for three months. As a result, the printing of dollar notes accelerated at the Bureau of Engraving and Printing (BEP), employing 3000 people. Dollar bills are sorted and wrapped in plastic...
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Filename: PRINTING DOLLARS LAF29471 29.JPG
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