The US dollar is considered the dominant currency in the world today,

| December 7, 2018

The US dollar is considered the dominant currency in the world today, as it forms the basis for much of the world’s trade and finance. The US dollar emerged as the standard of world currencies after WWll , as the United States became the undisputed world power, militarily, economically and financially. Much of the dollar’s strength was based on its backing by the commodity gold. This tie to gold was finally broken in 1971, under the direction of US President Richard Nixon. The US dol …

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