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Why the US Dollar Could Outlast the American Empire

Javier Graterol/Grand Central Station, New York At the close of the Second World War, the United States represented almost a third of world GDP, and an even larger share of manufacturing. The proportion is stark: the UNโ€™s World Economic Report for 1948 breaks a chart of global manufacturing down into two roughly equal halves: the United States and โ€œOtherโ€. At the time, it was unquestionable that if there was to be a global reserve currency, it would be the U.S. dollar....
United States United Kingdom City Of South Korea Lee Kuan Yew Barry Eichengreen

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