The rise of US dollar imperialism, and why it failed - with Radhika Desai & Michael Hudson
Geopolitical Economy Report
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The History and Downfall of the Sterling System
This chapter explores the rise and fall of the sterling system, discussing its role as the world's currency and how it was maintained through surpluses generated from Britain's colonies. It also highlights the challenges faced by the system, such as competition between national economies and opposition from various classes.
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