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.
Were built around a common is the correct answer I believe.
<span>Part one: Great Britain agreed to recognize the U.S. as an independent nation.
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<span>Part two: Britain gave up its claims to all lands between the Atlantic coast and the Mississippi River.
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<span>Part Three: The U.S. agreed to return all rights and property taken from loyalists during the war. </span>
Answer:
the correct answer is B
Explanation:
Russia was the first nation ruled by Communists
Countries targeted by the Cairo Conference include the United States, the United Kingdom and China.
The Cairo Conference was held in that Egyptian city from November 22 to 26, 1943. It defined the allied position against Japan during World War II and made decisions about the future of post-war Asia. Attending the meeting were President Franklin Roosevelt for the United States, Prime Minister Winston Churchill for the United Kingdom, and Chiang Kai-shek for the Republic of China.
The "Cairo Declaration" was signed on November 27, 1943 and made public in a statement on the radio on December 1, noting the intention of the Allies to continue the deployment of military force until the unconditional surrender of Japan.
