When the United States Ended Its Involvement in the Bretton

Multiple Choice

When the United States ended its involvement in the Bretton Woods System in 1971, which of the following was not true?

A) The United States was selling gold for $35 an ounce.
B) Several governments were buying large quantities of gold from the United States.
C) Governments throughout the world denounced President Nixon for leading the United States departure from the gold standard.
D) The United States had to essentially force other countries to revalue their currencies against the dollar.
E) According to Taylor and Papell's text, all of the above are true.