the correct answer is " B" freedom at sea.
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.
Romulus Augustus was the last great emperor of the western part of the Roman Empire.
The statement which explain the irony of Harburg’s description of the bread line is that while millions of Americans were suffering from the effects of poverty, Hearst remained one of the wealthiest individuals of his time.
<h3>Who was Harbug? </h3>
- E.Y (Yip) Harburg, was an American authors and scriptwriter, who is best known for his songs and Broadway manufactures.
- The Wizard of Oz. During the Great Depression, Harburg had to face the troubles of decline on his all income and any outlook of an occupation.
- He was forced to look after for secondary ways to make medium of exchange is The largest and best known of us, like other Americans.
- There was a big rich person, called William Randolph Hearst, who became one of the larger newspaper and magazine proprietors in the US. This is done During the Great Depression, when he starts out to be most productive in his compositions.
- One of the biggest selling points of Hearst’s empire was the use of yellow journalism, making importance on the sob stories and difficult moments of people.
- Harbug was one of the richest man in his time, when millions of Americans were suffering from the effects of poverty.
However, the option [A] is correct.
Learn more about Harburg, refer:
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