Analyze and discuss the Bretton Woods Agreement and state what the agreement was for and why it was created. Include any difficulties they faced in getting society to agree with their proposal. Briefly describe the 'gold standard' evolution and collapse. Response: World War II was over. Europe and Asia was in shambles, both in term of governance as well as from an economic standpoint. In order to resurrect Europe from the state that it was in, the Bretton Woods Conference took place in July 1, 1944. Apart from replacing the gold standard with the American dollar, the conference also ...
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This article by Buttonwood focuses on the idea of a higher minimum wage and how that affects productivity. The piece indicates that there has been a global push for the increase of minimum wage and examples are given of both the United Kingdom and the United States of America. In the US for example, presidential candidate Bernie Sanders supports the rise of the minimum wage to 15$ per hour, phased in over seven years (Buttonwood). According to the article, previous research has indicated that a 10% increase in minimum wage causes a 2% drop in employment for the workers ...
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