rupol2000
Gold Member
- Aug 22, 2021
- 18,215
- 2,630
- 138
- Thread starter
- Banned
- #101
The economy of Europe worked in the same way during the Bretton Woods system. To fill its budget, France, for example, had to first buy a dollar to cover its currency. To do this, they needed to sell something in the United States, and the United States simply printed dollars in exchange for this product. Everything that was produced for export went to cover the currency from which the government was financed through taxes. Thus, in order to stay in power, they had to always sell goods to buy dollars. They were in the US power.