Answer:
The correct answer is A. The Bretton Woods system ended in 1971.
Explanation:
The Bretton Woods system was a fixed exchange rate system in which the exchange rate for countries' currencies against the US dollar was fixed. From 1945 to 1971, it regulated exchange rates for member countries of the International Monetary Fund (IMF).
In July 1944, an international conference was held in the small town of Bretton Woods, New Hampshire, with participants from 44 nations. It was decided to set up the International Monetary Fund and the Bretton Woods system, the latter being used until the early 1970s.
The agreement meant that the member countries joined a fixed exchange rate system, which set the exchange rate for the country's currency against the US dollar. Instead, the US guaranteed a fixed redemption price of the dollar in gold. Exchange rate changes were made only to adjust for "basic imbalances" in the balance of payments. In practice, the agreement meant an end to repeated and drastic devaluations of local currencies in search of competitiveness in the export market. Earlier currency restrictions could also be lifted, with the result that international trade could increase.
The system was aborted in 1971, when the United States decided to no longer guarantee the dollar value with a fixed redemption price in gold, called the "Nixon shock". By then, the United States had already let the dollar exchange rate float in 1968. The reasons were, among other things, in the extremely costly Vietnam War for the United States. The result was that other currencies with previously fixed exchange rates also floated. The Bretton Woods system formally ceased in 1973, after vain attempts to stabilize key currencies.
Answer:
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Explanation:
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Answer:
PATRONS
Explanation:
Actually I had that quiz and the answer was Patrons.
BRAINLIEST PLEASE
<span>When the Afrikaner-backed National Party Came to power in South Africa in 1948, it implemented its campaign promises in the form of high apartheid. This contrasted with the segregationist policies of the pre-war government. While much of that legislation was designed to restructure the organization of economic opportunity in South Africa, apartheid legislation lacked the trademark of systematic exploitation of native Africans (Butler 19). The English speaking whites who had held power before the war were sidelined as the white constituency was consolidated under the National Party, a Afrikaner dominated political group. This allowed the National Party to enact such legislation as the Population Registration Act, which enforced classification into four racial categories: white, Co loured, Asiatic, or native. The next high apartheid landmark was the Group Areas Act of 1950. This act enforced the separate areas of residence by race across the country. It would be this act that eventually led to Promotion of Bantu Self-Government Act of 1959 that transferred Africans’ political rights to these quasi-states, which allowed the South African government to treat natives as foreigners and allow them no political representation in the South African government.</span><span />
Answer:Tribal courts handle cases related to tax issues, intergovernmental agreements, and other forms of litigation related to tribal rights, ensuring rights are upheld and taken into proper consideration.
Explanation:
