The trajectory of the dollar in world history

Undoubtedly, nowadays when we talk about the dollar, the North American currency immediately comes to mind, which today dictates the way of life of people all over the world. But it was not always like that, although there are other countries that name their currency as “dollar”, such as Canada.

The currency of the United States today has taken over the world, thus making the association of its name to be immediate to your country of origin. But before its fame, and currency becoming a symbol of world capitalism and wealth, the US dollar was just a currency like many others.

Symbol of independence

But before talking about how the coin arrived at this post nowadays, we will talk about its beginning, which was in mid-1776, like many others. It was used from the beginning as a symbol of freedom and independence of the United States from the English crown.

Nowadays it is little known that the dollar emerged as a somewhat decentralized currency, so anyone on North American soil could simply open their bank and start issuing their own banknotes.

Due to this freedom, in past times there were several types of the same currency in circulation within the country and this lasted a long 16 years after its independence as a nation and until the creation of the so-called Law of Currency and of course, the mediano bank, which emerged with the proposal to unify and standardize the notes and coins that circulated throughout the country.

Change of economic posture

Taking a leap in time, and going to 1918, the United States was not the world-recognized power today and that only happened at the end of this year, with the first world war that strongly shook England, thus, giving space to its former colony.

Now an independent country, the United States participate in world negotiations, along with the arrival of the second war consolidated the country at the top of the world’s eyes, which already had a feeling that America would be a great nation.

Combining the weakening of England and the incessant conflicts in Europe, a scenario of tranquility was formed for the country and, of course, its currency, which at the time already had more than 150 years of existence.

Then in 1944 at the Bretton Woods conference that currency was consolidated once and for all, becoming the largest economy in the world and with the promise of resuming capitalism worldwide, a fact that today is impossible to deny.

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