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

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During the interwar period, the U.S. emerged as the dominant economic power, and the dollar became the primary currency used in international transactions. This was further reinforced by the Bretton Woods system after World War II, in which the U.S. dollar was fixed to gold and other currencies were fixed to the dollar. The gold standard was not widely used during the interwar period, and there was not a coherent international monetary system in place.

During the Period Between World War I and World War