"The second “decline” of the U.S. economy took place in the 1970s and 80s. America’s international economic position fell markedly by the end of the 1960s and beginning of the 1970s. In 1970, the export trade of the six countries of the European Community accounted for 27.6% of the world total, more than doubling that of the United States (13.7%). The figure for Japan was 6.2%. In 1971, the United States suffered from a trade deficit, though the amount was small ($2.2 billion). Shortly, it rose to $6.8 billion in 1972, and since then, it occurred almost every year, which was totally different from what was before the 1970s. The case for Japan was just the opposite. Not only Japan experienced fast increase of its export trade but it also earned a surplus of $300 million in 1965 for the first time since the end of World War II. Its surplus increased annually to reach $5.17 billion in 1972, almost as much as the deficit ($6.8 billion) suffered by the United States in the same year. As regards the world gold reserve, the United States accounted for 29.9% of the total in 1970, which was much less than the European Community (36.9%). The position of the US dollar, though remaining the world’s principal reserve currency and settlement currency, had been clearly weakened, and that of the Deutsche mark and Japanese yen markedly risen. The “dollar shortage” in the initial years after World War II gradually became “dollar oversupply”. This eventually led to the dollar crisis in the early 1970s. In 1971, the United States suspended the exchange of US dollars for gold, and various countries began to implement the floating exchange rate system. The Bretton Woods system centered on gold thus collapsed. This was an important symbol for America’s “decline”."
<span>Which statement about the Korean War is true?
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A. South Korea surrendered after communist China's army joined the conflict.
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The Aztec and Incan people had never come in contact with the bacteria and germs the Spanish brought with them to The New World and so their immune systems did not have any specialized defense against them, this meant that the bacteria and germs the Spanish carried with them, while not being enough to affect the Spaniards, were practically overexposure for the Aztec and Incan people.
Cultural exchange makes the world a more beautiful, connected place for everyone. If we recognize the intrinsic value that each member of our global community holds, we can better understand one another. If we better understand one another, we can work together for impactful change.
Examples of cultural exchange programs include student exchanges, sports exchanges, and scholarly or professional exchanges, among many others. The Silk Road did not only promote commodity exchange but also cultural. For example, Buddhism as one of the religions of the Kushan kingdom reached China. Together with merchant caravans Buddhist monks went from India to Central Asia and China, preaching the new religion.
