Word: bellagio
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Dates: during 1965-1965
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...that the scheme would produce economic warfare: nations would demand that their foreign debtors pay off fully and immediately in gold-and many countries would not have enough gold to go around. Many nations would then have to embargo gold, raise tariffs, restrict trade. At a recent meeting in Bellagio, Italy, 30 of the world's top 32 international economists opposed a return to the gold standard...