In the context of the trilemma, compare and contrast the dissolution of the gold standard during the
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In the context of the trilemma, compare and contrast the dissolution of the gold standard during the 1920s and 1930s to the collapse of the Bretton Woods system during the 1960s and early 1970s. In what sense did the Bretton Woods system attempt to address the problems associated with the gold standard? To what extent did the Bretton Woods system strengthen or weaken a country’s ability to maintain a fixed exchange rate?
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