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> then basically defaulted and forced everyone to accept dollars by force I found 3 instances of "defaults" over the history of the U.S. Federal Government[0],
by nerdkid93 6y ago
> then basically defaulted and forced everyone to accept dollars by force
I found 3 instances of "defaults" over the history of the U.S. Federal Government[0], and I cannot figure out to which of those occurrences you might be referring. Bretton Woods was the agreement that made the USD the world's reserve currency, and that lasted for 30ish years while the U.S. was still on the gold standard.
[0] Has the U.S. Government Ever "Defaulted"? https://fas.org/sgp/crs/misc/R44704.pdf https://fas.org/sgp/crs/misc/R44704.pdf