WWII monetary system

Assignment Help Operation Management
Reference no: EM132584243

In 1944, finance specialists and bankers from around the world met to discuss what the post-WWII monetary system would be. Given the instability of the pre-war period, the goal was to create a new system. The outcome of this was the Bretton Woods system, which had the U.S. dollar as the world reserve currency linked to gold at $35 an ounce. All other currencies were tied to the dollar with limits on how much they could appreciate or depreciate. The system lasted until the 1970s, when the United States decided to move away from gold convertibility. The modern system is based on supply and demand for currency and a managed float. Discuss the following in your main post:

1. The U.S. dollar remains the world's reserve currency. Is this good for the United States, and if so, why?

2. People usually think a "strong" dollar is good. Is this true for U.S. businesses, and does it help or hurt the U.S. balance of payments?

Reference no: EM132584243

Questions Cloud

Find what a person of integrity would do : Identify and explain three stakeholders who were affected by the above scenario. Support your answer how it is affected and what are the consequences on them.
David christopher case study : David Christopher received his medical degrees from the University of Kentucky and the University of Virginia.
Explain the application of the nursing process : The Formal Paper will be the Application of the Nursing Process to Deliver Culturally Competent Care. You will select a cultural group you would like to use.
Prepare journal entries to record transactions for sweet ltd : Prepare the journal entries to record the transactions.Sweet Ltd. sold 9,600 common shares at $15/share on September 15, 2021.
WWII monetary system : In 1944, finance specialists and bankers from around the world met to discuss what the post-WWII monetary system would be.
How to prepare the entry to record the exercise : On January 1, 2020, when the fair value of its common shares, Using the book value method, prepare the entry to record the exercise of the conversion option.
Identify at least three productivity measures : Identify at least three productivity measures. What are some problems or issues that you might encounter as you attempt to change the processes?
Research paper relates to aspect of behavioural security : PART 2 - The following recent research paper relates to an aspect of behavioural security: Arachchilage, N. A. G. and Love, S. (2014)
Identify health concerns where medication is contraindicated : A client with migraines is prescribed sumatriptan. Identify two (2) health concerns where this medication is contraindicated. A 22-year-old client is hard.

Reviews

Write a Review

Operation Management Questions & Answers

  Intercultural management and multiculturalism

A research report is an opportunity for you to practice and improve your research and writing skills.

  Which seems to suggest that managers should rely on facts

In a rapidly changing organization, are decisions more likely to be made using the rational or political model of organization?

  Important for the safety practitioner

Why is it important for the safety practitioner to use macro thinking? Provide one or two examples that support your discussion. Your response must be at least 75 words in length.

  Describe the components of penney new business model

Describe the components of the J.C. Penney new business model. Then, evaluate the business model’s overall effectiveness in the following ways.

  Identify and evaluate marketing opportunities

Identified by your researchers and analyse the risks and benefits to the organisation of attempting to enter your chosen market.

  The nurse-anesthetist administered the anesthesia

A patient had surgery and the nurse-anesthetist administered the anesthesia. The patient subsequently arrested and died while under anesthesia.

  What are some of the risks involved in blowing the whistle

What are some of the risks involved in “blowing the whistle”? Under what conditions is “whistle blowing” ethically permissible?

  Consumer comes to experience satisfaction-dissatisfaction

Describe the process by which the consumer comes to experience satisfaction or dissatisfaction. Illustrate each result with an experience of your own.

  Why must companies understand this requirement

Evaluate the two requirements for understanding your customers’ requirements. Why must companies understand this requirement?

  Discuss why individuals avoid conflict

Distinguish between functional and dysfunctional conflict by defining the concepts in your own words, and providing specific examples. Discuss why individuals avoid conflict. Have you ever experienced conflict within the workplace and if so, how did ..

  Would you use to gain citizen engagement

Citizen engagement in public administration is important. During the budget process what techniques/questions would you use to gain citizen engagement?

  Why does artemisia press need repositioning strategy

How should Artemisia Press reposition itself to remain competitive? Why does Artemisia Press need a repositioning strategy?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd