noun
Nixon shock
Refers specifically to the 1971 economic measures announced by U.S. President Nixon, including the suspension of dollar-gold convertibility and the imposition of a surcharge on imports. A historical term used in economic and political contexts.
ニクソンショックは、戦後の国際通貨体制を大きく変えた。
The Nixon shock significantly changed the postwar international monetary system.
1971年のニクソンショックによって、円は変動相場制に移行した。
Due to the Nixon shock of 1971, the yen shifted to a floating exchange rate system.