How The U.S. Dollar Shaped The World Economy | Long Story Short | NBC News

say happy birthday to the dollar bill yeah kama greenback was first 100 years ago and in that time is gone from a central bank stop gap to the world reserve currency the dollar bill that we know today was hardly the first version of american money during the revolutionary war that was the continental dalton a paper currency used to pay for raising an army hyperinflation killed off and going for the word dozens of other versions of money cash the federal government sometimes but the system can you to crash in 135 your period american money crash 5 types of ventilator sided to wipe the slate clean and print a new official currency the federal reserve know it was first founded in 1914 that you're awesome at the start of
world war 1 last of us new money to the hours mostly in tower built during world war 2 any country that need a loan could secure one with gold in an exchange they will get a big pile of dollars when the war ended the us had more goals than any other country solar system setup where most people agree to do business with those with you always catch them in for gold they need to eventually the rest of the world economy is recovering the us dollar to run low on gold reserves so in 1971 president nixon spend the goldfinch the american dollar mutts never again be a hostage in the hands of international speculators from that point forward the american dollars back promise this could have been a disaster but the dollar was already so crucial the world business edition of the top but asses do worry that others are not my fellow the path combine two princesses and during the great recession of 2008 the policy of something to you need a lot of people nervous but the durability of the american economy especially for the kind of turmoil