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Let us discuss how political and economic issues knotted the global economic web in which the United States were entangled in at the turn of the twentieth century up to our current era.
It was only a century ago that the United States found itself in the midst of the gold standard regime. In the late 1870s the United States rejoined the gold standard exchange rate, which it had left right before the American Civil War. It would only be a matter of time before America would feel the symptoms of a world economic depression and realize that the gold standard had complications that led to its dismissal from the U...
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