Problem
Shortly after World War II, the US occupying forces set the value of the Dmark and the yen below equilibrium values in Germany and Japan. Over the next 25 years, those countries both staged an amazing recovery. Other factors were involved, but the undervalued currencies helped to stimulate their exports. Why was an undervalued currency good for Germany and Japan, but not for the US?
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.