Hegemonic decline under the Bretton Woods system refers to
A) the sun setting on the British empire.
B) the 1970s reality that the U.S.economy could no longer be the sole engine of worldwide economic growth.
C) the 1930s shift away from gold as the standard currency under Truman.
D) the Fall of the Roman Empire.

Question

Quizplus · Accepted Answer

Hegemonic decline under the Bretton Woods system refers to the 1970s reality that the U.S. economy could no longer be the sole engine of worldwide economic growth. The Bretton Woods system was established after World War II and was based on the U.S. dollar being the primary currency for international trade and finance. However, by the 1970s, the U.S. economy had weakened, leading to a decline in its hegemonic power.

Hegemonic Decline Under the Bretton Woods System Refers to