1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill115 [55]
3 years ago
15

During the period between World War I and World War II,

History
1 answer:
mel-nik [20]3 years ago
5 0

Answer:

The correct answer is the letter b) the U.S. dollar emerged as the dominant world currency, gradually replacing the British pound for the role.

Explanation:

The dollar became a reference throughout the world in the first half of the 20th century, when the gold standard, adopted until then, failed. Until the beginning of the First World War, financial institutions adopted a fixed rate for their currencies in relation to the other. Trade negotiations were carried out respecting this fixed price, preventing some countries from altering their exchange rate to increase their exports and reverse trade deficits, thus guaranteeing the stability of the economy.

With the outbreak of World War I in 1914, the gold standard fell, reflecting the major imbalances it caused in economies around the world. Then, a difficult transition period began. Discussions about the new model started during World War II, and the view that the best strategy would be something similar to that adopted during the gold standard, with a fixed exchange rate, based on a hard currency.

Still in the midst of world conflict, 730 delegates from 44 countries met in July 1944 in Bretton Woods, United States,

to define a new world economic order, which would help to restore world capitalism. The leaders started from two initial proposals, one American, by the US Treasury official Harry White, and one British, by the well-known economist John Keynes.

More comprehensive, according to Colistete, Keynes' proposal was centered on the creation of the International Clearing Union (ICU), which would have the role of generating and regulating credit in order to avoid very large economic fluctuations, as occurred in the interwar period. In addition, a new currency unit, the bank, would be created. White's proposal maintained the link between the exchange rate and gold, but the dollar would be the only currency with a value directly fixed in gold (US $ 35 per ounce of gold). Thereafter, all other countries would have a fixed value for their currency against the US currency.

American ideas ended up prevailing, due to the importance of the United States in the post-war scenario.

You might be interested in
How did the machine gun changed the nature of fighting?
kolezko [41]
That machine gun was first let out in the mid 1900’s and it changed the way of fighting from the one shot reloaders that they had before this invention. This gun changed the nature fighting by allowing more rounds to be produced at the enemies causing more to be dead. This gun helped kill off more people and helped gain more accuracy in the creation of guns til this day.

I hope this helps!
7 0
3 years ago
NEED HELP WILL GIVE BRAINLIEST!! <br> Match the terms with the examples.
Rama09 [41]

Answer:

1. is the sandwich 2. is the parade 3. is public park and 4. is lighthouse

Explanation:

Not 100% sure but it kinda makes sense. Let me know if I'm wrong plz

8 0
3 years ago
The New
jek_recluse [69]

Answer:

D

Explanation:

3 0
3 years ago
Read 2 more answers
Immigration can result in a general decrease in wages because immigration
VladimirAG [237]

Answer:

The Correct Answer is C

Increases the supply of labor

Explanation:

Immigration increases the supply of labor and decreases the wages of the native United States workers overall.

Immigration increases potential fall in real wages, especially for low-skilled native workers.

Immigration increases pressure on public services like health, education, and congestion on roads.

Immigration increases the impact on GDP per capita can be negative.

5 0
3 years ago
Who were the historical people and what were their roles space race?
Serggg [28]

Answer:

Johanna, Latrell, and Marc. Neil Armstrong

Explanation:

go0gle

4 0
3 years ago
Other questions:
  • 20 POINTS&gt;!&gt;&gt;!&gt;!!!!!PLEASE HELP PLEASE!!!!!!!!!!What was significant about 1946 in Japan?
    10·2 answers
  • Which factor promoted the development of new forms of entertainment such as dance halls, carnival rides, and professional sports
    7·2 answers
  • The rhythmic patterns of Indian music are called
    12·1 answer
  • How do the voices of Albert in war horse and piete share the same and different thoughts fear and ideas
    5·1 answer
  • Which statement concerning the Electoral College is NOT true? A. A state’s number of electors is equal to its number of represen
    11·2 answers
  • What were the major aspects of the market revolution?
    8·2 answers
  • The 1946 Governor's race in Georgia was surrounded in controversy. Which statements regarding this race are the MOST accurate? C
    11·1 answer
  • Addison and Steele's periodical the Tatler eventually included _____. a single essay satire educational material advertisements
    11·2 answers
  • PLS HELP WILL GIVE BRAINIEST
    13·1 answer
  • Question 2: Which of the following processes had to occur in order for the jobs illustrated in the image to be available in Meso
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!