1 août 1971 - EEC economic difficulties after US ends Bretton Woods exchange rate regime; oil shocks from OPEC
Description:
-US stopped backing the dollar by gold, leading to high fluctuations in currencies around the globe => slowed economic growth and increased inflation-This period of time was known as "Eurosclerosis"
-The unity of the EEC was significantly damaged, as member states disagreed on how to resolve economic issues, also leading to slowed European Integration
Ajouté au bande de temps:
Date:
1 août 1971
Maintenaint
~ Il y a 54 ans