Post #19454 by onepoorguy on the US Policy board

Halls of Shrewd'm / US Policy ❤

Unthreaded | Threaded | Whole Thread (5)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 4

The dollar becoming the world's reserve currency dates back to WWII. Our economy was the only one that wasn't smashed by the war. So when people started to pick up the pieces, the dollar was the most stable (and best) currency available at that time. Plus the Marshall Plan infusing lots of dollars to rebuild nations. We were also the first (and only, at that time) "superpower". Etc.

The dollar was the natural choice in the 40s and 50s. And it's continued to this day, probably in part because we still have a huge economy, and also for legacy reasons after almost 80 years.

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (5)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.