Rise Of The US Dollar Through The 1970's
During the 1960's through the 1970's (around the start of the Vietnam War) the US dollar started to become known as the world's currency. During this time the US dollar rose about $96 billion dollars. Because of this the US dollar started to be supplied and demanded by commercial banks, foreign governments, and multinationals. With the rise of the US dollar, the American government was able to thrive during this period of time. Because of the Vietnam War, American manufacturing was able to benefit and allowed the government to have a prime role in world exchanges. This also allowed Western European countries, that did business with the US, to thrive as well. Prior to the rise of the US dollar, European countries were struggling with financing
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