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Essay

Economic Crisis (The Voice Mag)

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Marjorie T

 

Date added:

March 29, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

9 / 2241

 

Was viewed:

5108 times

 

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Essay content:

It is not accidental they are both US-owned. The Wall Street crash in 1929 sparked off global depression andWorld War II. During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange. By 1945, 80% of the world's gold was sitting in US vaults...
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During that war the US supplied provisions and munitions to all its allies, refusing currency and demanding gold payments in exchange. By 1945, 80% of the world's gold was sitting in US vaults. The dollar became the one undisputed global reserve currency -- it was treated world-wide as `safer than gold'...
displayed 300 characters

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