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    What historical events happened in 1971?

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    What the hell happened in 1971?

    • 01 Jan 1971 Cigarette advertisements are banned on American television.
    • 02 Jan 1971 The second Ibrox disaster kills 66 fans at a Rangers-Celtic football match.
    • 03 Jan 1971 Baltimore Colts beat Oakland Raiders 27-17 in AFC championship game.
    • 04 Jan 1971 Ohio agrees to pay US$675,000 to relatives of Kent State prison victims.
  2. what happened in 1971 major news stories include intel releases world's first microprocessor, the 4004, aswan dam is completed, charles manson and three of his followers receive the death penalty, national public radio (npr) broadcasts for the first time, walt disney world resort opens in florida, mount etna erupts, voting age lowered us and uk

    • So What Happened in 1971?
    • Yeah, But It Was A Good Thing
    • No, Leaving The Gold Standard Was A Disaster
    • The Result Is Growing Inequality
    • The Background of The Economy

    The website “WTF happened in 1971” suggests that all of these different effects are related to President Richard Nixon naming the time in the Bretton Woods financial system when he linked the value of the world’s reserve currency – the US dollar – to gold. The so-called “gold standard” has underpinned world finance since 1944 when the allied nation...

    The implications are controversial to say the least. For example, the International Monetary Fund (IMF) suggests that fears that moving away from gold would end the era of rapid growth were misplaced. “”In fact, the transition to floating exchange rates was relatively smooth and certainly timely: Flexible exchange rates made it easier for economies...

    But the website “WTF Happened in 1971” tells a different story. Several graphs are presented showing that productivity increased from 1971 onwards while wages remained stable. GDP rose, but the part destined for workers collapsed. and real estate prices soared, making Americans’ “savings” inextricably linked with real estate values. This suggests t...

    The most obvious effect of the move away from the gold standard was the ability of governments to print as much money as their hearts wanted.As Collin says: To illustrate how much this hurts the individual, Prentice uses the analogy of a cake as a representation of the economy, with the pieces representing the money in circulation. “When we print m...

    According to Prentice, the two are aware that their ideas are outside of common economic thought, but he says it’s because they’ve tried to do things from scratch and “expose the mistakes other economists are making”. “We have seen their arguments and are constantly questioning each other,” he says. “”It’s like at the end of Marty Bent podcasts, he...

  3. Sep 28, 2021 · The first thing that becomes apparent is that something happened in 1971. This fact is made clear by a series of charts, all based on government data, that show various odd economic trends began in that year. Income inequality, for example, began to get much worse.

    • Jonathan Miltimore
  4. Mar 19, 2021 · Besides, you should celebrate the year 1971 because that’s when the King of Latin Pop was born. Enrique Martin Morales first stepped into the music waters back in the 1980s together with Menudo, the all-boy group of five from Puerto Rico. In case you’re not able to remember those times, here we are to remind you with this video.

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