2011Journal of North University of ChinaRequires access

The Dollar Makes the "Trouble" to the World Economy——Analysis Based on the Dollar in Different Historical Stages

Liu Xiu-guang

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Abstract

In the currency history of the United States,since the dollar was born,especially taking on international reserve currency,it was been always making the trouble to the world economy: before the Bretton Woods System,the United States with a greater share of the world gold amount,instead of abiding by the gold standard system rules strictly,utilized the dollar to international trading system and the world monetary system to exert adverse influence;the dollar standard system under the arrangement of the Bretton Woods System,did not assume the obligation of international value,but often took debt crisis of the US onto the traders;and after the Bretton Woods System,the dollar was completely out of gold constraints,which caused the dollar wantonly spreading on the world scope,worldwide inflation and instability of international trading system and the world monetary system.

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In the currency history of the United States,since the dollar was born,especially taking on international reserve currency,it was been always making the trouble to the world economy: before the Bretton Woods System,the United States with a greater share of the world gold amount,instead of abiding by the gold standard system rules strictly,utilized the dollar to international trading system and the world monetary system to exert adverse influence;the dollar standard system under the arrangement of the Bretton Woods System,did not assume the obligation of international value,but often took debt crisis of the US onto the traders;and after the Bretton Woods System,the dollar was completely out of gold constraints,which caused the dollar wantonly spreading on the world scope,worldwide inflation and instability of international trading system and the world monetary system.

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Available abstract

In the currency history of the United States,since the dollar was born,especially taking on international reserve currency,it was been always making the trouble to the world economy: before the Bretton Woods System,the United States with a greater share of the world gold amount,instead of abiding by the gold standard system rules strictly,utilized the dollar to international trading system and the world monetary system to exert adverse influence;the dollar standard system under the arrangement of the Bretton Woods System,did not assume the obligation of international value,but often took debt crisis of the US onto the traders;and after the Bretton Woods System,the dollar was completely out of gold constraints,which caused the dollar wantonly spreading on the world scope,worldwide inflation and instability of international trading system and the world monetary system.

Key concepts: Liberian dollar, Currency, Economics, Store of value, Reserve currency, Monetary system, U.S. Dollar Index, Obligation

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