Introduction

US currency, recognized and valued by people everywhere, is the most important and widely held currency in the world. The US currency was effectively the world currency, the standard to which every other currency was pegged. As the world's key currency, most international transactions were denominated in dollars.

After World War II, all European nations that had been involved were heavily in debt and transferred huge amounts of gold into the United States, which contributed to the power of the United States. Because of that, the US dollar was strongly appreciated. After that, Bretton Woods system established a system of payments based on the dollar, and all currencies were defined in relation to the dollar. So the US dollar became the main "Reserve currency" and other countries would peg their currencies to the US dollar through buying and selling US dollars (Hill 2007). In doing so, the US dollar took over the role that gold had played under the gold standard in......

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Title: Falling Of Us Dollars
Approximate Word Count: 3392
Approximate Pages: 14 (250 words per double-spaced page)

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