Nixon's Treasury Secretary who closed the gold window in 1971

Born into a poor farming family in Floresville, Texas, Connally became a lawyer and an aide to Lyndon Johnson, then Secretary of the Navy (1961) and Governor of Texas (1963–1969). He was seriously wounded riding in the car in which Kennedy was assassinated in 1963. Although a Democrat, he was appointed Treasury Secretary by the Republican Nixon in 1971, presided over the suspension of the dollar's convertibility into gold and the wage-price freeze that August, and told European finance ministers that the dollar "is our currency, but your problem." He joined the Republican Party in 1973 and sought its presidential nomination in 1980.

Also known as: John Bowden Connally

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