1971        1971 Mini Bear Market Starts
        On August 15, 1971, Nixon announced that the United States would no longer redeem currency for gold.
        In 1946, the US had agreed to redeem Dollars in Gold to allow the Dollar to be used in international exchange
        after World War II.  But the US War on Viet Nam, Cambodia and Laos was costly, deficits got bigger
        and US exports fell more and more behind imports.  As a result, US Gold Reserves began to decline sharply.
        This was the final step in taking the US off the Gold Standard.   This unsettled the stock market for a while.
        Nixon's "New Economic Policy" also called for a temporary freeze in prices and wages to prevent an
        inflationary spiral. .