Practice question · Fill in the blanks
Complete the Bretton Woods structure.
Other currencies pegged to the ______, which was convertible to gold at ______ per ounce.
Word bank: dollar · 35 dollars · pound · 20 dollars
Hints
- One currency anchored the system at a fixed metal price.
- Everything else was defined relative to that anchor.
Show the answer
Other currencies pegged to the dollar, which was convertible to gold at 35 dollars per ounce.
Why
Dollar peg at 35 dollars per ounce, the hub of the Bretton Woods wheel.
Practise The Golden Age of Capitalism
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