https://wtfhappenedin1971.com/
What happened in 1971? The Nixon Shock, which is when the dollar stopped being convertible to gold after it became evident that the US did not have the gold it claimed to have.
The gold standard stuff is hilariously reductionist.
Not really. Ending the dollar's convertibility into gold obviously had a severe impact on how foreign economies viewed the US and the dollar. I think it's "hilariously" ignorant to pretend that this wasn't a factor.
The economic reality for the US was that, before this, we just had to print money for the value of $100 worth of gold. Meanwhile, other countries had to produce actual goods or services that were valued at $100 worth of gold.
As multiple countries started repatriating their gold, the US does a rugpull and says we're done with that? It was effectively a US default on debt (which would have happened if we allowed repatriation anyway, because we didn't have enough gold to pay back all of our creditors who wanted their gold).
Yes, there were quite a few factors happening concurrently with this. But I don't see how it's simple to disentangle the effective default on debt denominated in the global reserve currency with all the other global economic volatility at the time. Laundry-listing other things that happened at the same time is not an explanation.
Edit: Just want to point out that, IMO, the real problem was the US was defaulting on our debt. What Nixon did was just like an escape hatch for it where the US did not have to call it what it was and we also got to keep the gold. I agree with you in the sense that I think bad things would have happened with or without Nixon ending the gold standard. But I view that event as a clear sign and catalyst or accelerant for all the volatility that ensued immediately after. I still think it's crazy the US ended up on top after this anyway.