Charles de Gaulle, the French president, wasn’t fond of the dollar’s dominance and aimed to challenge it. In 1965, he demanded that the U.S. exchange $1.5 billion held by France for gold, nearly draining 3/4 of America's gold reserves. This bold move led to the U.S. eventually abandoning the gold standard in the 1970s, as President Nixon introduced a new monetary system where the dollar was no longer tied to gold, forever altering global finance.


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