Problem
From shortly after World War II to the early 1970s, the United States (like many countries) was on a system of fixed exchange rates. That is, the U.S. government pledged to take whatever actions were necessary to keep the value of the dollar fixed relative to other currencies. Consider the emergence of the Beatles in the 1960s. What would the U.S. government have to do to prevent the value of the dollar from changing as a result? Alternatively, consider the introduction of the popular Boeing 707 in the 1950s. What would the U.S. government have to do to prevent the value of the dollar from changing as a result?
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.