Essay heading: Depression Impression: Lessons Learned once 1929.

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American History

 

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Date added:

March 25, 2000

 

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3 / 715

 

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The Bretton Woods system of fixed exchange rates addressed the issue in 1944. (The Great Depression) All international money maintained an equivalent conversion factor to the US dollar. Although this broke down in the early 70's, the US dollar gained immense popularity and eventually became the elite standard...
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Today this is clearly evident, as the USD is accepted globally. In my opinion, the impact of the Great Depression on American society is startling, to say the least. As aforementioned, the spending towards scientific research spurred awareness in environmental issues. I think that the Great Depression was an indirect cause of this, as well as a shift from a politically focused to an economically centered nation...
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