The gold standard a monetary system in which paper money and coins equal to the value of a certain amount of gold
The flexible response was created and implemented during former President John F. Kennedy's administration at the year 1961 as a measure to counteract the New Look policy of former President Dwight Eisenhower in his policy of conducting a massive military action in case of war.
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Among them, the United States and Britain agreed not to seek territorial gains from the war, and they opposed any territorial changes made against the wishes of the people concerned. The two countries also agreed to support the restoration of self-government to those nations who had lost it during the war.
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