Currency Wars IV: Age of the Warring States

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Exploring the historical rivalry between the US dollar and the pound sterling, this book details the strategic maneuvers that led to the dollar's dominance over the pound. It highlights how US monetary policies systematically diminished the pound's status as a global reserve currency, while also examining the pound's attempts to reclaim its influence through the "imperial preference system." The narrative illustrates how this intense competition contributed to a financial power vacuum in the 1930s, intensifying the global Great Depression.