Long story short (based on my previous understanding)
Soviets wanted to take Brittain down a peg so they backed the US Dollar to replace the British Pound via the Bretton Woods Accords.
And there you go. US Dollar became king.
it didn’t help that the UK allowed the cream of their male gene pool to be slaughtered in WWI and WWII, and the went totally socialist after the wars were “won” ...
I had dinner in the hotel where they had the Bretton Woods conference.
Did not have to pay in gold.
Because the United States chooses its leaders by consent of the governed, not by consent of the monarch. The nature of the monarch has a long-lasting influence on the nature of the government.
-PJ
“”””” It argues that this transition was not an accident but a result of deliberate industrial, financial, and political strategies.”””””
At one time Americans could share in long term plans and strategies that benefited our nation, we were enough alike that we could hash out a rough agreement of a plan, with a future pay-off.
“the United States utilized Alexander Hamilton’s protectionist blueprint, infrastructure investment, and the rise of powerful industrialists”
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But, But Tariffs are always bad. The media always tell me so.
They make Walmart junk more expensive.
Conquests and Cultures: An International History
It is a book that astonishes me as he demonstrates his in depth grasp of history in addition to his established knowledge of economics. The man is broad and wide in so many ways.
He has an entire section of the book dedicated to how Britain came to be a world power, and how it was supplanted at its peak by the United States. An excellent read.