The Global Power Of The U.s. Dollar

The Euro and its Impact on the U.S. Economy The euro is the official currency of the following 12 European nations: Belgium, Germany, Greece, Spain, France, Luxembourg, Ireland, Italy, The Netherlands, Austria, Portugal, and Finland. Although it has been the official currency since January 1,1999 it became physical tender which can be used by all participating countries on January 1,2002. The introduction of the euro into the world was truly a historic event; it represented a unity never before seen in the history of Europe, a common currency. After years of negotiations and much skepticism from around the globe, the implementation of the euro is no longer an abstract ideal, but a change that nations, corporations, and investors must

The US dollar is used in the majority of the international transactions and therefore that happens to the American economy, will influence the international financial resources. Dollars bring big consequences both for the USA and for other countries. The economy of many countries depends on currency dollar. The increase in its course reduces the volume of the income in dollars for the country. And change of US dollar more considerably, than change of an exchange rate of the country. On the

The U.S. dollar peaked in value in 2000-2001 and has been in a significant decline ever since. There was a relatively brief period in 2008 when the dollar rebounded quite sharply due to the worldwide financial crisis and economic meltdown, when there was a global rush to the safety of U.S. treasury securities. But since then, the dollar has resumed its long-term downtrend. In the recent years the dollar has been improving relative to other currencies, becausee of the decline in those other currencies.

Currency intervention is the action of one or more governments, central banks, or speculators that increases or reduces the value of a particular currency against another currency – this is according to Wikipedia.

The U.S. has had the most universal currency for decades because of America’s great influence on the world, and because the american capitalist way. In an economic standing America is at the top because of the value of the U.S. dollar. All throughout history dating back to the turn of the nineteenth century the U.S. dollar has been used all over the world both during times of depression and in times of recession. The times the U.S. the U.S. dollar value the most is when there isn't much of it around, but right now America is a a steady climb to inflammation which means the dollar is losing strength. The less the dollar is valued the less power the U.S. has and the more countries will use other secondary currencies. Socialism can stop this from happening altogether and allow America to stay powerful. In a shared wealth economy the money taxed from the people is returned to the people by offering free education and zero medical expenses. This also helps to increase the amount of money in middle class pockets by taxing higher class people more according to their income. When money is held by the people it circulates through the country more before returning to the government, this allows the the vale of the dollar to

Jack Lew said, "With such a wide reach, America's currency makes a statement about who we are and what we stand for as a nation.”

Ever since the Bretton Woods agreement in 1944, the U.S dollar became the world’s currency. Bretton Woods agreement was basically an agreement on which every country currency would be back up by the dollar, due to the fact that after WWII United States was the only one with the biggest gold reserve in the world. Although it was proposed as a good idea it had its flaws for one even though it help the U.S and other countries there was simply not enough gold to continue backing up the dollar value. Which lead to President Richard Nixon to abolish the gold standard economy. His abolish of a gold standard economy lead to a new proposal on which the dollar would be back by.

Strength can be evaluated in many different ways: from economic power, to militaristic prowess, to influence in foreign countries. Today, America seems to be the most powerful nation on Earth when all of these categories are taken into account. The economy of the United States is so strong, that it’s GDP accounts for 22.44% of the gross world product. The U.S. economy is worth 17.41 trillion dollars: trillions of dollars more than the world’s second most powerful economy: China. Outside of the U.S, seven sovereign nations (such as Ecuador, El Salvador, and Zimbabwe) use the U.S. dollar as their official currency (8), demonstrating the

In 1974 the decline of the west was already predictable and U.S president Nixon made a deal with Saudi Arabia. In return for buying oil in dollars, the U.S would guarantee military security and the petrodollar was born. This guaranteed a steady supply of income for the U.S, as the Federal Reserve is a conglomeration of private companies taking a percentage of every dollar used. Rivero’s fascinating insight into the how the dollar plays a key role in U.S foreign policy explains the reasons behind many U.S actions today.

The United States of America’s economy is the most powerful economy in the world, and its currency is often interchangeable with foreign currencies. This economic power is a major part of what makes the United States of America a world power, coinciding with its military might. But with that being said, in recent years, it has also shown to be one of the most unstable economies as well, with the housing crisis of 2008, and the Government Shutdown in 2013. The American Economy is filled with constant corruption, bad practices, and constant threat of total collapse if the status-quo is kept.

As the worlds most dominate currency, the USD hold to large advantages of being currency reserved. Each dollar stockpiled and bought in non-US countries is one dollar that the US citizens gave that purchases power against other nations for free. The status of being the main world international trade

The current value that America holds on to the closest is individualism. According to a study conducted by Pew Global, “nearly six-in-ten (58%) Americans believe it is more important for everyone to be free to pursue their life’s goals without interference from the state” (“The American-Western European”, 21). This number is quite high compared to other countries, such as Britain with 38% and Germany with 26%, and attributes to our nation’s ideology. America was founded to be independent and free from a controlling monarchy. The first settlers left Britain due to a lack of freedom to practice their ideals that were not considered “acceptable” and were often persecuted for their religious beliefs. Erik Khzmalyan claims that “the settlers

     In the present day, the world's economy is ever-changing and adjusting. Many different reasons control the reasons for this. The future of currency is something that can only be predicted and is not guaranteed. However, there are many determing factors behind the changes that can take place. Asia and North America are two continents that have economies that have recently changed or are in the midst of change.

The Bretton Woods Conference in 1944 spawned two IFIs, the International Monetary Fund (IMF) and the World Bank, in order to rebuild a

Fourthly, creation of the world financial government. Emergence of the world monetary market and the market of the capitals led to modern internationalization of production. The daily turn of these markets makes about 1,3 trillion. US dollars.