Bretton Woods to Lehman: A Financial Rollercoaster

In this video, we dive deep into the Bretton Woods system, its significance, and its eventual downfall. Established in 1944, Bretton Woods was the system that placed the U.S. dollar as the international currency, indirectly tied to gold. But why did it collapse in the 1970s? And what does this history tell us about our current economic challenges? With events such as the Vietnam and Korea wars and the increasing trade deficits depleting gold reserves, the system became unsustainable, leading to its suspension in 1971. As we navigate today's volatile markets and rising debt levels, it's essential to understand our financial history to better prepare for what comes next. Join us for a journey from Bretton Woods to present-day economic dilemmas.

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