After the Bretton Woods agreement broke down in 1971, the United States and most industrialized countries adopted:

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After the collapse of the Bretton Woods agreement in 1971, most industrialized countries, including the United States, adopted a system of floating exchange rates, in which exchange rates are determined by market forces of supply and demand. This system allows for greater flexibility and reduces the risk of currency shocks.

After the Bretton Woods Agreement Broke Down in 1971, the United