Answer:
With growing concerns over the stability of the dollar, the countries began to convert dollar reserves into gold. The demand for gold was such that President Richard Nixon was forced to intervene and de-link the dollar from gold, which led to the floating exchange rates that exist today.
Explanation:
They wanted to avoid the strife and competition between the United States and the Soviet Union
As the superpowers in the Cold War, the USA and the USSR, sought to line up countries in allegiance with their positions, a group of nations emphasized the importance for remaining non-aligned. One of the leaders of the non-alignment movement, Jawaharlal Nehru of India, said in a speech in 1948: "When we say our policy is one of non-alignment, obviously we mean non-alignment with military blocs." The Non-Aligned Movement held its first conference in Belgrade, Yugoslavia in 1961. The members of the movement saw the siding up being done in the Cold War as a path to increasing world tension and conflict, and sought to remain non-aligned for the sake of preserving peace and equal opportunity for development.
True ddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd
The South (Confederacy's) economy was dependent on being able to trade and sell their cotton for money (as their most produced crops are cotton & tobacco.) Also, the South's infrastructure & factories were not built up, and they did not have the economic nor the population superiority as of the North. This led to not only the blockade, but the South's inability to deal with the blockade in a large scale. While the South tried to get smugglers and blockade runners to help them trade, they were not able to bring cotton out in a large scale, and it soon led to the destruction of the South's economy.
~