After World War II, the Western world went on a modified gold standard.

Name: After World War II, the Western world went on a modified gold standard.
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The Bretton Woods Agreement of 1944 established a modified gold standard in the Western world, where the US dollar was pegged to gold and other currencies were pegged to the US dollar. This system lasted until 1971, when the US ended the convertibility of the dollar to gold.

After World War II, the Western World Went on a Modified