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:
The New York Daily News was the first successful tabloid newspaper in the United States. It was founded in 1919 as the Illustrated Daily News by Joseph Medill Patterson and was a subsidiary of the Tribune Company of Chicago.
Answer:
I believe it is the 1st one
Explanation:
The first one is the Russian national football team logo
<span>Federalists proposed that popularly elected conventions should ratify the Constitution rather than the state legislatures themselves doing the ratifying.
</span><span>In this way, state legislators were not being asked to vote for a document that would have them give up some amount of their own state authority. Also, by having those who attended the ratification conventions be elected by the people in their area to represent their interests, the Constitution would be seen as having the full consent of the people because they had directly elected the convention delegates who approved the Constitution.</span>
Freedom should be protected because without freedom you cant do anything, hope this helps :)
