Asked by Amy

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.
Answered by Amy
this was during FDR's presidency
Answered by 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.

Answered by Amy
but when the US withdrew from exchange-rate stabilization, how was this a bad thing for other countries?

Answered by Ms. Sue
The exchange rate also determined the profit made from goods bought from and sold to other countries.

Answered by Amy
for the second question:

was it because the US was buying from other countries?
Answered by Amy
like mainly the US
Answered by Ms. Sue
What is your second question?

Please clarify your answer.

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