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The Evolution of the US Dollar as a Keystone Currency
The chapter traces the historical journey of the US dollar from its post-World War II roots to its current status as the primary reserve currency, exploring the deliberate design and decisions that solidified its global prominence. It details the transition of the US dollar from a gold-backed currency to a fiat model in the 1970s and examines the impact of policies like the strong dollar mantra on the US economy and manufacturing sector.