After the Bretton Woods agreement broke down in 1971, the U.S. and most industrialized countries adopted:

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After the Bretton Woods agreement broke down in 1971, most industrialized countries, including the U.S., adopted a system of floating exchange rates instead of fixed exchange rates. Under this system, a currency's value is determined by the market forces of supply and demand rather than being tied to the value of another currency.

After the Bretton Woods Agreement Broke Down in 1971, the U.S