4 ms·
It was deliberate, on one of the financial summits over the future of financial system after WWII a US changed all the word of GOLD to USD. there was a planet
by mars4rp 7y ago
It was deliberate, on one of the financial summits over the future of financial system after WWII a US changed all the word of GOLD to USD.
there was a planet money episode about it.
- dv_dt 7y agoYes it was agreed upon that the US Dollar became the underpinning of international finance at the Bretton Woods conference near the end of WWII. https://en.wikipedia.org/wiki/Bretton_Woods_system https://en.wikipedia.org/wiki/Bretton_Woods_system This has a link to the PMoney episode you're thinking of, as well as a more recent discussion of the economic fight other nations possibly trying to supplant or at least be adjacent to the dollar as a reserve currency. https://www.npr.org/sections/money/2019/07/30/746337868/75-years-ago-the-u-s-dollar-became-the-worlds-currency-will-that-last https://www.npr.org/sections/money/2019/07/30/746337868/75-y...