After World War I, Britain owed the United States 4 billion. The teacher said that the pound collapsed and the dollar went up. What does this mean? The dollar hit other currencies.
Politics and economy are integrated. When the British government is defeated, the pound will collapse. When the United States is strong, the dollar will appreciate. As the world currency, dollar monopoly can circulate in any country, suppress and control the whole financial system, and the dollar is as powerful as the United States. You should know the advantages of American strength! What you haven't learned in economics is not easy to understand.