The Breton Woods Agreement Changed All That

The us. Dollar has only existed in its current form since the early 19 hundreds, and it wasn't until the mid twentieth century that it effectively took the title from the british pound. The breton woods agreement changed all that though. It allowed countries to keep american dollars in reserve instead of physical gold because they knew they could always exchange their dollars for gold at any given time. Today, being the world's reserve currency doesn't really mean anything. Is no international organization or treaty that says the us. Dollar is what countries must use. And the same was true before breton woods too.