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.
Hey there,
<span>It is sent to the president to sign or veto
Hope this helps :))
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Answer:
a is farmers, b is hunter-gatherers, c is farmers and d is hunter-gatherers
Explanation:
Answer:
1. When the American Revolution began, it looked like the colonies faced insurmountable odds. How did a ragtag band of volunteers without a proper source of funding for food and equipment manage to overcome the most powerful army and navy in the world?
How did each of the following contribute to the success of the American Revolution?
George Washington’s leadership abilities
Geography
Foreign assistance
Colonists’ spirit and attitude
George Washington helped us in many ways in the revolutionary war. Despite his losses he knew how to run the military. He was a really tough and brave man. Those two characteristics helped us in the military because you have to be brave and take risks t get rewards. Lastly toughness helped us out a lot. When our solders are sick or don't feel good they don't get to call in sick. They have to tough it out and if we were not tough enough then our soldiers would have gave up.
Geography helped Americans out a lot. One of the ways it helped us is by helping us know the terrain. Going to a unknown terrain and even unknown climate can be a easy way of death. Another way is by knowing a way to supply troops and how it was possible. We need geography for this because if we didn't use geography we wouldn't know where we were traveling. We also would not know how to supply our troops.
If we did not have foreign assistance then we would not have won the war. The french were pretty much the way we got our supplies. Also we would have been enormously out numbered in troops with out there assistance. Even though some assistance such as Spain's assistance was not much help to us at all.
Positive attitudes are needed in any war but it really helped us out in the revolutionary war. They believed that they were going to win and get their land. Then the french came along and grew our spirits. This also helped us because when the french came it it greatly lowered the British peoples spirit. What they thought was going to be easy instantly turned to a hard battle.
Explanation:
