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.
Cotton textile, oil and seed manufacturing rose in Dallas,Texas as the people pushed their cattle away. The building industry also grew a great deal. this included cement, and brick making.
By adding both slave state
A result of President Carter's desire to ease tensions with China was increase trade. President Jimmy Carter started to ease tensions with China by recognizing the communist regime in January 1979, with that trade was increased, along with cultural, commercial “and other unofficial relations”.
China is the biggest emitter of greenhouse gases in the world. With The United States being but that far behind, both countries have negotiated a deal to reduce their greenhouse gas output, with China agreeing to cap emissions for the first time and the US committing to deep reductions by 2025.
There is an ongoing debate about the appropriate role of government for solving environmental problems. However in a major achievement for environmentalists, the U.S. Environmental Protection Agency (EPA) was established in December 1970, bringing together in a single agency the many federal programs to protect the environment.
