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> we didn't have our cities destroyed We also were able to sell arms to the allies for two world wars. At the end of WWII we had 80% of the world's gold reserv
by afarrell 9y ago
> we didn't have our cities destroyed
We also were able to sell arms to the allies for two world wars. At the end of WWII we had 80% of the world's gold reserves. This meant that during the Bretton Woods conference, when a bunch of treaties were drafted to require the use of "gold-convertable currency", that was effectively the US Dollar...so they just put "US Dollar" in the final language for clarity and made USD the global reserve currency among other things.