Answer:
(i)
Despite years of stable and rapid growth, not all was well in this post-war
world.
(ii) From the 1960s, the rising cost of its overseas
involvements weakened the US's finances and competitive strength.
(iii) The US dollar now no longer commanded
confidence as the world's principal currency.
(iv) It could not maintain its value in
relation to gold.
(v) This eventually led to the collapse of
the system of fixed exchange rates and the introduction of a system of floating
exchange rates.
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