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Foreign Exchange Markets Summary
Gerald Maurer
Axia College of University of Phoenix

Introduction
In this paper I will write a lecture that explains the gold standard. I will address the functioning of the world’s major foreign exchange markets. I will discuss in detail the positive and negative aspects of using the gold standard. This paper will also talk how currency fluctuates.
The U.S. dollar has been the dominant currency in the world’s transactions since the end of World War II in 1945. The U.S. dollar was dominant because the U.S. economy emerged from the war virtually undamaged and was clearly the most powerful in the world at that time. Over the next few decades Japan, and other countries in Western Europe and across the world had begun to develop powerful economies, and their currencies were being used along with the U.S. dollar.
Americans enjoyed a world where the U.S. Dollar was the main currency of exchange and stability throughout the last half of the......

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Approximate Word Count: 1313
Approximate Pages: 6 (250 words per double-spaced page)

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