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.
<u>ANSWER:</u>
I think that the answer would be #3.
<u>EXPLANATION: </u>
I think this because a timeline shows the events in order in time.
<u>HOPE THIS HELPS! :D</u>
A DYNASTY is a series of rulers from the same family.
A Political Dynasty is where a family or group maintains power by controlling the state for several generations.
Examples of a Dynasty are:
*Bourbon Dynasty - a European royal line that ruled in France from 1589 to 1793 and also ruled Spain, Naples, and Sicily.
*Ming Dynasty - the imperial dynasty of China that ruled from 1368 to 1644
In Theocracy, government leaders are members of the clergy and its legal system is based on religious law.
An Empire is a political structure where one state dominates other states. It Empire head is called Emperor or Empress.
Monarchy is a form of government where one or more individual reigns sovereignty until death or abdication. It head of state can be a King or Queen.
Maybe it has to do with the placing on the grid seeing section 16 is almost in the middle, meaning they had a prominent stand in education?
I assume that these are the options.
the first option, tariff, is a form of tax.
the second option, work ethic, is indeed something the workers can do to improve the economy so this is the correct answer
Osaka is a city and trade surplus would be more an effect than it cause for good economy
