goals of price stability and war finance. The government, the Bank of England and the commercial banks formed a loose … notes and for the government to finance the war effort, even with signifi cant recourse to unfunded debt. These aspects …

Second World War, Europeans no longer wanted to add to their dollar reserves. In addition Nixon also had to tackle the … in the world and strengthen America's position in the world, damaged by the conflict in Vietnam. While Nixon's first … priority was ending the War, the economy and the international position of the dollar also required attention. However, the …