If you know the past and present of the US dollar, you must know the glorious moment when the US dollar is pegged to gold. At that time, the United States would have mastered 70% of the world's gold, and the name "US dollar" was also the label that was labeled at that time.
The US dollar without water
US dollar pegged to gold will start with battle in 1914.
Short commentary: In order to grab territory, the European big names were in trouble with the conflicts of interest in order to seize territory. Just when the contradiction was about to break out, the Sarajevo incident became the spark in the vast fields of Europa, and then directly burned the fire of the war with the north wind.
As the war became more and more prosperous, they all rose up and rushed to grab the territory of the whole country. Finally, they found that the logistics could not keep up. What should I do? When I was in the right position, I couldn’t praise it. In desperation, the big guys led by Britain, France, Germany and Austria could only seek help from the United States.
As an American who was profitable, he also had a set of things at that time, saying: If you want supplies, you must use gold. If you don’t recognize anything else, I will have money for you if you lose.
In this way, after the Americans reached an agreement with European leaders, Americans' supplies continued to arrive in Europe; similarly, European gold was also continuously shipped to the United States.
Until the end of World War I, the United States had 70% of the global gold reserves by exporting war preparation materials. This war money was delivered to its home.
At that time, because the United States had reserved a large amount of gold, the United States began to engage in currency globalization under the trend of ambition. Of course, the ending that time almost ruined the United States.
USD injected with water
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