In 1944, finance specialists and bankers from around the world met to discuss what the post-wwii monetary system would be. given the instability of the pre-war period, the goal was to create a new system. the outcome of this was the bretton woods system, which had the u. s. dollar as the world reserve currency linked to gold at $35 an ounce. all other currencies were tied to the dollar with limits on how much they could appreciate or depreciate. the system lasted until the 1970s, when the united states decided to move away from gold convertibility. the modern system is based on supply and demand for currency and a managed float. discuss the following in your main post: the u. s. dollar remains the world's reserve currency. is this good for the united states, and if so, why? people usually think a "strong" dollar is good. is this true for u. s. businesses, and does it or hurt the u. s. balance of payments

1. In terms of the benefits of U.S dollar remains the world's currency, it is needed to say that there aspects that are both positive and negative:

2. A strong dollar often brings many difficulties for U.S companies, especially for those that have a great proportion of business overseas (exporters for example), as the income they earn from foreign sales will decrease in value on their balance sheets.

For U.S citizens traveling abroad, a strong dollar implies their purchasing power is increased.

Another example in which a strong dollar brings benefits is associated with importers. Imports from a country become cheaper since its local currency loses value (depreciate), leaving more money in the hands of the US importers to spend on other things hence increasing consumptions which helps propel the economy as a whole.

idk but i did find this

explanation:

in the story of the cowardly lion and the hungry tiger, we first see the two characters inside the empty throne room of ozma, bored and sadly very much aware of their uselessness as guardians. they talked about the good old days when they used to be feared. they proceeded to make up stories of how fearsome they were. the cowardly lion professed that he can tear men/women into pieces, while the hungry tiger said he would eat fat babies. but when they proceeded to act upon their words they were forced to realize that they were indeed harmless and good animals who would rather be called cowardly and hungry than harm a woman or eat a child.

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