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The collapse of the Bretton Woods system in the early 1970s marked a significant shift in the global financial landscape. This event offers valuable lessons for domainers about the importance of adaptability, the impact of macroeconomic changes, and the necessity of diversifying investment strategies. Understanding the Bretton Woods System Collapse The Bretton Woods system, established in 1944, created a framework for international monetary policy that included fixed exchange rates and the pegging of currencies to…
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