28
Oct
The United States dollar is the world’s reserve currency. Simply being put that a majority of the countries around the world base their value of assets in dollars, commodities like oil, are purchased in dollars. After World War 2, the United States replaced the English Pound as the world currency. This was due to a strong United States military and a dominant economy during the industrial production. The dollar was also back and based by gold. So it was a secure investment.
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