Hudson and Desai on World Currencies in the Last 100 Years

This is the second of two hour-long discussions about de-dollarization. Learn what the forms of world currency were before the dollar and how they ended. How did world currencies hold up during the World Wars? At the end of World War II the dollar was linked to gold until 1971. Even when it was linked to gold the dollar was not very stable. How was it possible for the dollar to be unlinked to gold after 1971 at the same time that it became the world’s currency? What are the forms de-dollarization will take now that the dollar is in steep decline?

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