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发帖数: 8363 | 1 In 1944, the Bretton Woods Conference saw the US dollar emerge as the sole
reserve currency of the world. Under Bretton Woods, nations currencies were
pegged to the US dollar which in-turn was pegged to gold at $35.20 dollars
per oz. Under the terms of the Bretton Woods Agreement, foreign central
banks and treasuries were entitled to convert US dollars to gold at the rate
of $35.20 per oz.
Throughout the early 1950's there was generally a shortage of dollars
internationally. However, as years we |
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