Question

Why did fix exchange rate system collapse in 1960

Answer 1

Answer:

Hey mate here is Ur answer↓

• The US could no longer fix the exchange rate of the dollar to gold as the exchange rate value was way out of line with the domestic value of the dollar.
• As a result, the US abandoned the fixed exchange rate system.

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Answer 2

Answer:

why did Fixed Exchange Rate system collapse in the 1960s? ... The US could no longer fix the exchange rate of the dollar to gold as the exchange rate value was way out of line with the domestic value of the dollar (which had been eroded by inflation). As a result, the US abandoned the fixed exchange rate syst