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.
He worked at an accounting firm in New York
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I'm pretty sure the answer is b.) n<span>igeria.
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The immediate cause of its fall was pressure by the Ottoman Turks. ... In 1204, the Fourth Crusade conquered Constantinople, partly because the Venetians wanted to eliminate the Byzantines as competition in trading matters. Hope this helps
All the options are correct.
As we know before Missouri Compromise of 1820, there were 11 free states and 11 save states and so there was a balance of power between North and South. The admission of Missouri as a slave state would result the imbalance. So we see Henry Clay, a congressman came with Missouri Compromise which provided for admission of Missouri as a slave state along with Maine as a free state in order to maintain the balance of power. It also prohibited slavery in the north of 36*30 parallel, excluding Missouri. So ultimately resolved the heated issue of the time in the Senate over slave states and free states. As it was a controversial act, it was later declared unconstitutional and was repealed by Kansas-Nebraska Act of 1854.
