Description
Pounds, Dollars, and the Architecture of Global Finance
This essay traces how control over global finance shifted from London to Washington, and why the dollar now dominates and London still handles the world’s money flows.
It explains, in plain language:
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Sterling and the Gold Standard (1870–1914)
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War, Depression, and the Dollar’s Rise (1915–1945)
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The Sterling–Dollar Condominium (1945–1971)
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Dollar Dominance and London’s Reinvention (1971–2008)
