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
Activities and affiliations
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1963–1969
United States state institutionsGovernor of Texas
Government and administration -
1971–1972
United States state institutionsSecretary of the TreasuryMain
Government and administration -
1973–1993
Republican Party (United States)
Government and administration -
Democratic Party (United States)
Government and administration
Career Timeline
- 1961–1961.12Secretary of the Navy
- 1963–1969Governor of Texas
- 1971–1972.05Secretary of the Treasury
- 1971.08.15Presided over the suspension of gold convertibility
- 1973.05Joined the Republican Party