Which of the following is the most accurate?
A) U.S. macroeconomic policies in the late 1960s helped cause the breakdown of the Bretton Woods system by early 1973.
B) U.S. macroeconomic policies in the late 1970s helped cause the breakdown of the Bretton Woods system by early 1983.
C) U.S. macroeconomic policies in the late 1980s helped cause the breakdown of the Bretton Woods system by early 1993.
D) U.S. macroeconomic policies in the late 1950s helped cause the breakdown of the Bretton Woods system by early 1963.
E) U.S. macroeconomic policies in the late 1960s delayed the breakdown of the Bretton Woods system to early 1973.

Question

Quizplus · Accepted Answer

U.S. macroeconomic policies in the late 1960s, including increased government spending on the Vietnam war, expansionary monetary policy, and a trade deficit, lead to inflation, a decline in the value of the U.S. dollar, and a loss of confidence in the Bretton Woods system. This ultimately led to the breakdown of the system in early 1973.

Which of the Following Is the Most Accurate