Dollar Dynasty: Unveiling the Astonishing Power of the US Dollar !
Introduction The United States dollar (USD) isn't just a currency; it's a colossal force that shapes the destiny of nations and steers the course of global finance. From its modest beginnings in the 18th century to its current status as the unrivalled emperor of money, the US dollar's journey is nothing short of a financial saga filled with strategic maneuvers, power plays, and global dominance. Prepare to be astonished by the mind-blowing ways the US dollar holds the world in its grip. The Bretton Woods Agreement The historical underpinnings of the US dollar's dominance trace back to the Bretton Woods Agreement of 1944. As World War II drew to a close, delegates from 44 Allied nations convened in Bretton Woods, New Hampshire, to establish a new international monetary order. They pegged their currencies to the US dollar, which, in turn, was convertible to gold at a fixed rate of $35 per ounce. This system positioned the US dollar as th...