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At the end of the Second World War the Bretton Woods Conference agreed to establish the U.S. dollar as the global vehicle currency and establish

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At the end of the Second World War the Bretton Woods Conference agreed to establish the U.S. dollar as the global vehicle currency and establish the value of the dollar to gold at $35 equal to one ounce of gold. Other currencies were pegged to the U.S. dollar within +/- 1% fluctuation. This was a fixed exchange rate. But, things changed. What changed and how have the international financial markets adapted

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