All the talk about the gold standard, dollar value, central banks, etc., etc. has always been confusing to me….that is, until this dollar value/gold standard history lesson I just read.
Still a bit over my head but after reading this I have a little better understanding than I did.
Sharing thinking it will be enlightening to others as well.
https:// www.thebalance.com/bretton-woods-system-and-1944-agreement-3306133
Another interesting article at this site explains how the oil embargo of the early 70's effected the dollar value and our economy.
https:// www.thebalance.com/opec-oil-embargo-causes-and-effects-of-the-crisis-3305806