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July 8, 2015

The Gold Standard: Beginnings of the Forex Market

The current forex market is a sophisticated global system powered by the latest in computer technologies and networks. Money is usually not literally printed, but instead is created digitally via cyberspace and computers. However, there was a time when the value of currency had a more integral connection with the physical world. The first global …

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The Bretton Woods System: Recovering From World War II

War can have disastrous effects on a population. This is not only apparent in the amount of death and human suffering. War can also be devastating to economies. Towards the end of World War II governments around the world realized that there would be a long period of reconstruction required. They knew that major economic …

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