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And the dollar at the time was fully backed by Gold. So it was a...

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wallisd366

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18/01/22

11:50

Post #: 58942305
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Originally posted by Infose: ↑

"Just point out that after the great depression, central banks around the world agreed to an even tighterGold standard"

"The Bretton Woods agreement of 1944 established a new global monetary system. It replaced the gold standard with the U.S. dollar as the global currency. By so doing, it established America as the dominant power in the world economy. After the agreement was signed, America was the only country with the ability to print dollars."

That is what came out of the Bretton Woods system in all practical terms.

https://www.thebalance.com/bretton-woods-system-and-1944-agreement-3306133

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And the dollar at the time was fully backed by Gold. So it was a global Gold standard.
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