oussama94
05-28-2017, 19:33
As for Bretton Woods, perhaps its most memorable contribution to
the international economic arena was its role in changing the perception
regarding the U.S. dollar. While the British pound is still substantially
stronger, and while the euro is a revolutionary currency blazing new frontiers
in both social behavior and international trade, the U.S. dollar remains
the world’s reserve currency of choice for the time being. This is undeniably
due largely in part to the Bretton Woods Agreement: by establishing
dollar/gold convertibility, the dollar’s role as the world’s most accessible
and reliable currency was firmly cemented. And thus, while Bretton Woods
may be a doctrine of yesteryear, its impact on the U.S. dollar and international
economics still resonates today
the international economic arena was its role in changing the perception
regarding the U.S. dollar. While the British pound is still substantially
stronger, and while the euro is a revolutionary currency blazing new frontiers
in both social behavior and international trade, the U.S. dollar remains
the world’s reserve currency of choice for the time being. This is undeniably
due largely in part to the Bretton Woods Agreement: by establishing
dollar/gold convertibility, the dollar’s role as the world’s most accessible
and reliable currency was firmly cemented. And thus, while Bretton Woods
may be a doctrine of yesteryear, its impact on the U.S. dollar and international
economics still resonates today