The way to overthrow Pound’s hegemony and establishment of the Dollar empire
The Great War put an end to the supremacy of the British pound (GBP) and with it the structures of gold standard were also shaken. The United Stated lent to the Great Britain 5 bil. USD for the warfare (total war debt – 43 bil. USD when converted to modern values) and 4 bil. USD to France (30 bil. USD).
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