The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted.
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"The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted." — Robert Mundell #warpeace
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The problem started before World War I. The gold standard was working fairly well. But it brok…
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The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted. — Robert Mundell
About Robert Mundell
Robert Mundell was a Economist from Canada (1932–2021).
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Who said "The problem started before World War I. The gold standard was working fairly we…"?
This quote is attributed to Robert Mundell, a Economist from Canada.
When did Robert Mundell live?
Robert Mundell lived from 1932 – 2021.
What is this quote about?
This quote touches on War & Peace. Browse more quotes on these themes from the categories page.