The establishment of the U.S. dollar as the dominant reserve currency was a transformative outcome of the Bretton Woods Agreement in 1944. With the dollar pegged to gold at a fixed rate and other global currencies tied to the dollar,…
Gold’s pivotal role in the post-World War II era was instrumental in rebuilding global economies and fostering international cooperation. As the foundation of the Bretton Woods system, gold provided the stability and trust needed to restore confidence in monetary policies…
The Great Depression of the 1930s was a period of unprecedented economic hardship that exposed the limitations of the gold standard and led to dramatic government interventions. Among these, President Franklin D. Roosevelt’s gold confiscation policy stands out as one…
The role of gold during the Gold Standard Era (1900–1933) was pivotal in stabilizing currencies and facilitating international trade. By anchoring the value of currencies to a fixed quantity of gold, this system provided a reliable framework for economic transactions…
