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:
A hero's parent
Explanation:
This is an excerpt where Priam, ruler of Troy is addressing to his older son and heir to the throne, Hector who was about to have his duel with Achilleus.
The dearest son of King Priam and Hecaba, whom the Trojans, for his courage and nobility, revered as a god. During the Trojan War, Hector led the Trojan troops and made all important decisions.
Achilles pierced Hector's throat with his spear at the point where death was closest to life, and the hero, on his exhale, only still managed to send Achilles a plea for his body to be returned to the Trojans.
<span>At least 18 people were reported to have been killed in the storm that took place that year, which occurred on October 15 and 16 of that year. London and the Home Counties were reported to have received the most damaging winds and gusts from that storm.</span>
