黄金 （Part 2）

csw2002

If I remember economics history 101 correctly, after WWII, US and the Western world agreed to maintain fixed exchange rates and one could redeem gold against individual currency with a fixed exchange rate. For every single USD issued, US must maintain a gold position at either NY Federal Reserve or Fort Knox. It was called Bretton Wood system. It was not until August 15 1971 under Nixon administration, The US uniterally abrogated convertibility between USD and Gold - and that marked the end of the post-war currency stability under Bretton Wood system.

maomi

thanks for sharing, NL lao da

Poo

thanks

Poo

thanks

btmarket

Thanks.