By the end of 19, it has become the most powerful country in the world. By the time the First World War broke out in 19 14, the economic aggregate of the United States was already larger than that of the other three largest countries: Britain, Germany, France, and even the sum of them, which made the status of the US dollar increasingly prominent.
1934 $ 65438+ million denomination (only used as the settlement voucher of the Federal Reserve Bank)
During World War I, gold from European countries flowed into the United States to buy war materials. The Federal Reserve Bank of the United States used these gold as legal tender, which led to inflation.
1944 In July, just before the victory of World War II, 44 allies of World War II held an International Monetary and Financial Conference with 730 participants in a hotel in forest village, New Hampshire, USA, and adopted the International Monetary Fund Agreement based on the White Plan proposed by Assistant Secretary of the US Treasury.
The stability of the dollar should be attributed to the following factors: zero inflation growth, the safe-haven nature of the US asset market and the risk of the euro.
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