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All of the following contributed to the collapse of the Bretton Woods System EXCEPT Group of answer choices The U.S. did not have a sufficient supply of gold The U.S. had significantly increased its trade
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All of the following contributed to the collapse of the Bretton Woods System EXCEPT Group of answer choices The U.S. did not have a sufficient supply of gold The U.S. had significantly increased its trade deficit in the 1950s-1960s The global economy did not accept SDRs as a viable alternative to gold The U.S. had significantly reduced its trade deficit in the 1950s-1960s

User Mehmet Sunkur
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1 Answer

17 votes
17 votes

Answer:

The answer is "The Last choice".

Step-by-step explanation:

Throughout the given scenario the failure of Bretton Woods involves the activities of its create an enormous withdrawal of dollar of gold's convertibility, which bring an end to the function of gold as just a liquid dollar commodity, and also an end to a unified fixed exchange rate system between 1968 to 1973.

User Fatiu
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