Par Value Modification Act of 1972
E626771
The Par Value Modification Act of 1972 was a U.S. law that formally devalued the dollar in terms of gold and adjusted the official gold price as part of the transition away from the Bretton Woods system.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Par Value Modification Act of 1972 canonical | 1 |
| Par Value Modification Act of 1973 | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T6904825 — 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: Par Value Modification Act of 1972 Context triple: [United States gold policy, codifiedBy, Par Value Modification Act of 1972]
-
A.
General Law Amendment Act, 1963
The General Law Amendment Act, 1963 was a key apartheid-era South African law notorious for its harsh security provisions, including the "Sobukwe Clause" that allowed the state to detain political opponents like Robert Sobukwe without trial.
-
B.
Burke–Wadsworth Act
The Burke–Wadsworth Act was the landmark 1940 U.S. law that established the first peacetime military draft in American history, preparing the nation’s armed forces on the eve of World War II.
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C.
Evans-Allen Act of 1977
The Evans-Allen Act of 1977 is a U.S. federal law that provides formula-based funding for agricultural research at historically Black land-grant universities, supporting their capacity to conduct scientific research in food, agriculture, and related fields.
-
D.
Weeks–McLean Act amendments
The Weeks–McLean Act amendments were legislative changes enacted in the early 20th century to strengthen federal protection and regulation of migratory birds in the United States.
-
E.
Per Centum Limit Act of 1921
The Per Centum Limit Act of 1921 was a U.S. federal immigration law that imposed the first numerical limits and nationality-based quotas on immigration, sharply restricting the number of newcomers allowed into the country.
- 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: Par Value Modification Act of 1972 Target entity description: The Par Value Modification Act of 1972 was a U.S. law that formally devalued the dollar in terms of gold and adjusted the official gold price as part of the transition away from the Bretton Woods system.
-
A.
General Law Amendment Act, 1963
The General Law Amendment Act, 1963 was a key apartheid-era South African law notorious for its harsh security provisions, including the "Sobukwe Clause" that allowed the state to detain political opponents like Robert Sobukwe without trial.
-
B.
Burke–Wadsworth Act
The Burke–Wadsworth Act was the landmark 1940 U.S. law that established the first peacetime military draft in American history, preparing the nation’s armed forces on the eve of World War II.
-
C.
Evans-Allen Act of 1977
The Evans-Allen Act of 1977 is a U.S. federal law that provides formula-based funding for agricultural research at historically Black land-grant universities, supporting their capacity to conduct scientific research in food, agriculture, and related fields.
-
D.
Weeks–McLean Act amendments
The Weeks–McLean Act amendments were legislative changes enacted in the early 20th century to strengthen federal protection and regulation of migratory birds in the United States.
-
E.
Per Centum Limit Act of 1921
The Per Centum Limit Act of 1921 was a U.S. federal immigration law that imposed the first numerical limits and nationality-based quotas on immigration, sharply restricting the number of newcomers allowed into the country.
- F. None of above. chosen
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf | United States federal statute ⓘ |
| aimsTo |
conform U.S. law to new international exchange rate arrangements
ⓘ
update statutory gold value of the dollar ⓘ |
| appliesTo |
United States dollar
ⓘ
linked to:
US dollar
|
| belongsTo |
United States economic history
ⓘ
United States monetary history ⓘ |
| concerns |
exchange rates
ⓘ
gold holdings of the United States ⓘ reserve assets ⓘ |
| consequence |
further move toward floating exchange rates
ⓘ
reduction of the role of gold in the international monetary system ⓘ |
| country |
United States
ⓘ
linked to:
United States of America
|
| field |
economic policy
ⓘ
international finance ⓘ monetary law ⓘ |
| follows | Bretton Woods system ⓘ |
| hasEffect |
adjustment of the official gold price
ⓘ
alignment of U.S. law with international monetary changes ⓘ change in the par value of the dollar ⓘ formal devaluation of the United States dollar in terms of gold ⓘ |
| implementedBy | United States Department of the Treasury ⓘ |
| influencedBy |
Nixon shock of 1971
ⓘ
linked to:
Nixon shock
suspension of dollar convertibility into gold ⓘ |
| jurisdiction |
United States federal government
ⓘ
linked to:
United States government
|
| language | English ⓘ |
| legalForm | Act of Congress ⓘ |
| legalStatus | enacted law ⓘ |
| mainSubject |
gold price
ⓘ
international monetary system ⓘ official gold value of the United States dollar ⓘ par value of the United States dollar ⓘ |
| motivation |
collapse of the Bretton Woods fixed exchange rate system
ⓘ
need to reflect market realities of the dollar’s value in gold ⓘ |
| partOf | transition away from the Bretton Woods system ⓘ |
| precededBy | Bretton Woods Agreements Act ⓘ |
| regulates |
official gold price used by the United States government
ⓘ
par value of the dollar in terms of gold ⓘ |
| relatedTo |
International Monetary Fund
ⓘ
Smithsonian Agreement ⓘ U.S. balance of payments problems ⓘ end of fixed dollar-gold convertibility ⓘ gold standard ⓘ |
| timePeriod | post–Bretton Woods transition era ⓘ |
| typeOf | monetary reform legislation ⓘ |
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: Par Value Modification Act of 1972 Description of subject: The Par Value Modification Act of 1972 was a U.S. law that formally devalued the dollar in terms of gold and adjusted the official gold price as part of the transition away from the Bretton Woods system.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
linked to: Par Value Modification Act of 1972