Historical Year Data · 1972

Consumer Sentiment (Michigan) in 1972

Consumer Sentiment (Michigan) opened 1972 at 92.80 and closed at 90.70, a -2.26% move for the year. The high of 95.20 was reached on August 1, and the low of 88.60 on May 1.

Open

92.80

1972-01

90.70

4 data points

High

95.20

Aug 1

Low

88.60

May 1

Full Year Change

-2.26%

1971 Change

+4.99%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Feb	92.80	92.80	92.80	92.80	+0.00%
May	88.60	88.60	88.60	88.60	+0.00%
Aug	95.20	95.20	95.20	95.20	+0.00%
Nov	90.70	90.70	90.70	90.70	+0.00%

Events During 1972

1971 Nixon Shock (End of Gold Standard)

Stagflation

August 15, 1971

On August 15, 1971, President Nixon announced the United States would no longer convert dollars to gold at $35/oz, ending the Bretton Woods system and ushering in the modern fiat era.

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