Smithsonian Agreement
E245472
The Smithsonian Agreement was a 1971 international accord that restructured the postwar monetary system by devaluing the U.S. dollar and widening currency exchange rate bands, marking a key step away from the Bretton Woods gold standard.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Smithsonian Accord | 1 |
| Smithsonian Agreement canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T2230198 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Smithsonian Agreement Context triple: [Nixon shock, followedBy, Smithsonian Agreement]
-
A.
New York Agreement
The New York Agreement is a component accord of the broader Chapultepec Peace Accords that helped formalize and support the negotiated end to El Salvador’s civil war.
-
B.
Madrid Agreement
The Madrid Agreement is an international treaty that allows trademark owners to seek protection for their marks in multiple countries through a single registration procedure administered by the World Intellectual Property Organization.
-
C.
Hague Agreement
The Hague Agreement is an international treaty that allows creators to register industrial designs in multiple countries through a single, centralized application system.
-
D.
BRUSA Agreement
The BRUSA Agreement was a World War II-era intelligence-sharing pact between the United States and the United Kingdom that laid the foundation for modern Anglo-American signals intelligence cooperation.
-
E.
Convention de Washington
La Convention de Washington est un traité international majeur visant à réglementer le commerce des espèces sauvages menacées afin de préserver la biodiversité mondiale.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Smithsonian Agreement Target entity description: The Smithsonian Agreement was a 1971 international accord that restructured the postwar monetary system by devaluing the U.S. dollar and widening currency exchange rate bands, marking a key step away from the Bretton Woods gold standard.
-
A.
New York Agreement
The New York Agreement is a component accord of the broader Chapultepec Peace Accords that helped formalize and support the negotiated end to El Salvador’s civil war.
-
B.
Madrid Agreement
The Madrid Agreement is an international treaty that allows trademark owners to seek protection for their marks in multiple countries through a single registration procedure administered by the World Intellectual Property Organization.
-
C.
Hague Agreement
The Hague Agreement is an international treaty that allows creators to register industrial designs in multiple countries through a single, centralized application system.
-
D.
BRUSA Agreement
The BRUSA Agreement was a World War II-era intelligence-sharing pact between the United States and the United Kingdom that laid the foundation for modern Anglo-American signals intelligence cooperation.
-
E.
Convention de Washington
La Convention de Washington est un traité international majeur visant à réglementer le commerce des espèces sauvages menacées afin de préserver la biodiversité mondiale.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
currency realignment accord
ⓘ
international monetary agreement ⓘ treaty ⓘ |
| aimedTo |
correct U.S. balance of payments disequilibrium
ⓘ
reduce trade imbalances among major economies ⓘ stabilize international exchange markets ⓘ |
| alsoKnownAs |
Smithsonian Agreement
ⓘ
surface form:
Smithsonian Accord
|
| category |
1971 in international relations
ⓘ
International economic history ⓘ Monetary reform ⓘ |
| citySigned | Washington, D.C. ⓘ |
| countrySigned |
United States of America
ⓘ
surface form:
United States
|
| dateSigned | 1971-12-18 ⓘ |
| fluctuationBandWidth | ±2.25% ⓘ |
| followed | Nixon shock ⓘ |
| historicalSignificance |
last major attempt to preserve a fixed exchange rate system based on the dollar
ⓘ
transitional step toward generalized floating exchange rates ⓘ |
| introduced | wider fluctuation margins around par values ⓘ |
| limitedConvertibility | U.S. dollar into gold ⓘ |
| marked | step away from Bretton Woods gold standard ⓘ |
| negotiatedBy | finance ministers of major industrial countries ⓘ |
| negotiatedUnder |
auspices of the International Monetary Fund
ⓘ
auspices of the United States Treasury ⓘ |
| participant |
Canada
ⓘ
France ⓘ Italy ⓘ Japan ⓘ Netherlands ⓘ United Kingdom ⓘ United States of America ⓘ
surface form:
United States
West Germany ⓘ |
| participantGroup | Group of Ten ⓘ |
| partOf | post–World War II international monetary system ⓘ |
| placeSigned | Smithsonian Institution ⓘ |
| policyChange |
devaluation of the U.S. dollar
ⓘ
revaluation of major foreign currencies against the U.S. dollar ⓘ widening of exchange rate bands ⓘ |
| predecessor | Bretton Woods system ⓘ |
| reformed | fixed exchange rate system ⓘ |
| relatedTo |
collapse of the gold exchange standard
ⓘ
end of the Bretton Woods system ⓘ |
| restructured | postwar monetary system ⓘ |
| resultedIn |
higher official dollar price of gold
ⓘ
official devaluation of the dollar against gold ⓘ revaluation of other European currencies ⓘ revaluation of the Deutsche Mark ⓘ revaluation of the Japanese yen ⓘ |
| supersededBy | move to floating exchange rates in 1973 ⓘ |
| year | 1971 ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Smithsonian Agreement Description of subject: The Smithsonian Agreement was a 1971 international accord that restructured the postwar monetary system by devaluing the U.S. dollar and widening currency exchange rate bands, marking a key step away from the Bretton Woods gold standard.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Smithsonian Accord