What were the reason USA dollars value decrease and fixed exchange rates in gold?
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A fixed exchange rate, sometimes called a pegged exchange rate, is a type of exchange rate ... The gold standard or gold exchange standard of fixed exchange rates ... The U.S. dollar was the only currency strong enough to meet the rising ... This causes the price of the currency to decrease in value
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the global gold supply grows only slowly, being on the gold standard would theoretically hold government overspending and inflation in check. ... The country effectively abandoned the gold standard in 1933, and completely severed the link between the dollar and gold in 1971
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