Economic Crisis (The Voice Mag)
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Title: Economic Crisis (The Voice Mag)

Essay Details:

Subject: Miscellaneous
Author: Quinn C
Date: November 19, 2015
Level: University
Grade: A
Length: 8 / 2241

Essay text:

It is not accidental they are both US-owned. The Wall Street crash in 1929 sparked off global depression andWorld War II. During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange. By 1945, 80% of the world's gold was sitting in US vaults. The dollar became the one undisputed global reserve currency -- it was treated world-wide as `safer than gold'. The Bretton Woods agreement was established. The US took full advantage over the next decades and printed dollars like there was no tomorrow. The US exported many mountains of dollars, paying for ever-increasing amounts of commodities, tax cuts for the rich, many wars abroad, mercenaries, spies and politicians the world over...

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