The history of the U.S. dollar is closely linked to U.S. involvement in a series of wars. The Bretton Woods Accord and the resulting world reserve currency status of the U.S. dollar were both byproducts of World War II (1939-1945). The Korean War (1950-1953) was followed six years later by the Vietnam...
Posted to
Hera
by
Ron Hera
on
Sun, Jul 1 2012
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Filed under: Federal reserve, CPI, China, Gold, Bretton Woods, Alan Greenspan, Brazil, Banking Act of 1933, Consumer Price Index, Cold War, Committee to Flood the World, BRIC nations, crude oil, Triffin Dilemma, Accord, Gibson's Paradox, Executive Order 11037, Glass–Steagall Act, Gulf War, Afghanistan, Global War on Terror
There was a time, not that long ago, when forces of the West were arrayed against forces from the East along what was called an 'Iron Curtain.' Communist nations trapped in or controlled by the Soviet Union had cut themselves off from interaction with the 'freedom-loving' nations of the...