Question
Why was US participation in the international economic system vital?
for exchange-rate stabilization.
Could someone explain this to me. I've already gone through websites.
for exchange-rate stabilization.
Could someone explain this to me. I've already gone through websites.
Answers
Amy
this was during FDR's presidency
Ms. Sue
We needed to trade goods with the world. This was most efficient when we knew from one month to the next what the dollar was worth compared with other currencies.
Amy
but when the US withdrew from exchange-rate stabilization, how was this a bad thing for other countries?
Ms. Sue
The exchange rate also determined the profit made from goods bought from and sold to other countries.
Amy
for the second question:
was it because the US was buying from other countries?
was it because the US was buying from other countries?
Amy
like mainly the US
Ms. Sue
What is your second question?
Please clarify your answer.
Please clarify your answer.