Global Finance

Main

Gold Standard

1880 - 1914

'Beggar thy neighbour'

1920 - 1930

Bretton Woods Conference

1944

Bretton Woods System

1944 - 1973

Collapse of Fixed Exchange System

1971 - 1972

– In a single day May 4 1971 they purchased over $1 billion US, the next morning May 5 1971 , $1 billion was spent by the Bundesbank in the first hour of trading, at which point they threw in the towel and allowed the deutschmark to float (and devalue/appreciate), pulling out of the Bretton Woods framework

US 1st I>E

1971

Oil Crisis OPEC - 4x oil $

1973

The Jamaica Agreement

1976

loss of confidence in US - inflation

1977 - 1978

Oil crisis OPEC

1979

fall in USD/DM and /JPY

1985 - 1987

partial collapse of European monetary system

1992

fall in USD/JPY

1993 - 1995

Asian Financial Crisis

1997 - 1998