During the period between World War I and World War II,

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During the interwar period, the U.S. dollar gradually replaced the British pound as the dominant world currency. This was due to several factors, such as the economic and political decline of Britain, the growing power and influence of the United States, and the gold reserves held by the U.S. government. The U.S. also played a major role in the creation of the Bretton Woods system after World War II, which established the dollar as the international reserve currency and fixed exchange rates based on the value of gold.

During the Period Between World War I and World War