The World May Become Interconnected

... commitment to a concept called “the American system of political economy”, which was defined by founder and first Secretary of the Treasury Alexander Hamilton. But these are not the policies that are dominant in neither the United States nor Western Europe now. Since the end of the Bretton Woods system when American President Richard Nixon removed the dollar from a fixed exchange rate, Western nations have had a floating, so-called dollar-based system, which is not focused in any way on the development ...