Ask Question
HistoryHistory
2 July, 13:31

How did the US dollar become the worlds most popular and demanded currency?

+3
Answers (1)
  1. 2 July, 13:35
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How did the US dollar become the worlds most popular and demanded currency? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What does the Monroe Doctrine say? How long did it last?
Answers (1)
Which best describes the Aztecs?
Answers (2)
What do the bottle caps on the poles in the piece above symbolize in African cultures?
Answers (1)
What was the most important social event from 1848-1877?
Answers (2)
Do you think the american revolution would have happened if there had not been an age of enlightment
Answers (2)
New Questions in History
Non-voting member of congress?
Answers (1)
When people in a market economy specialize, what do they depend on to make sure their needs are addressed? A) communal ownership B) voluntary exchange C) government regulation D) equal distribution of wealth
Answers (1)
Benarkah pangeran diponegoro pejuang yang cinta tanah air?
Answers (1)
What was the Three-Fifths Compromise and how did it satisfy the states with and without slaves?
Answers (1)
Machines like the locomotive made what more efficient
Answers (2)
Home » History » How did the US dollar become the worlds most popular and demanded currency?
Sign Up Forgot Password?