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.
Explanation:
1) Hitler and the Nazi Party unsuccessfully tried to overthrow the Weimar Republic. This event became known as the Beer Hall Putsch.
2) Hitler Appointed As Chancellor
3) the Reichstag Fire
4) Dachau Is Established
5) Agreement On The Rome-Berlin Axis
6) Exhibition Of ‘Degenerate Art’ Opens
7) Evian Conference Takes Place
8) New Compulsory Middle Name For Jews
9) The Sudetenland Is Annexed
10)The Exclusion Of Jews From Economy
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~D. Focused On Helping Poor African American Workers.
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Answer:
The Legislative Branch is the most powerful branch of the United States government not only because of the powers given to them by the Constitution, but also the implied powers that Congress has.
The defeat and destruction of the Spanish Armada in 1588 is seen by many as the high point of Elizabeth I's of England's reign. ... As a result of the failed invasion, by Catholic Spain, England became more self-consciously Protestant and Catholicism became increasingly unpopular and was viewed as anti-English.
