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The Bretton Woods system established in 1944 changed the international monetary system by replacing the gold standard with the U.S. dollar as the international currency. To control the new arrangement, the World Bank and the International Monetary Fund, were created.
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Despite the system collapsing in 1973, leaving to each country the decision on about their currency as long as pegging its value to the price of gold is not an option, the institutions created are still today a fundamental element in economic international relationships.
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democracy gives citizens more of a say in the government. Democracy can also be a main reason for economic sources of growth. Hope this helps
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There are in Timbuktu numerous judges, teachers and priests, all properly appointed by the king. He greatly honors learning. Many hand-written books imported from Barbary are also sold. There is more profit made from this commerce than from all other merchandise.
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How does Cuba's government contrast with Costa Rica? In Cuba, the communist government rules the economy, which has not allowed many Cubans to prosper. Costa Rica, on the other hand, has a stable democracy and fewer poor people in the country.
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