Problem
What do you see as the obstacle in reestablishing the kind of stable exchange rates that used to prevail under the pre-World War I Gold Standard, when all major countries declared the value of their currencies in terms of gold? Can you explain why England, which was then the hegemon of world trade, lost that position after World War I?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.