Bretton-Woods Agreement/System

An agreement that  stabilized currencies by linking all of them to the United States Dollar (fixed exchange rate), 44 countries were linked to the United States Dollar. It came to an  end in 1971 once President Richard Nixon stopped the Gold Standard (US Dollar linked to Gold) which allowed central banks to print money without it being linked to Gold.

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A bearish trend that consists of lower lows and lower highs.

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