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How Did General John J

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How did General John J. Pershing, commander of the American Expeditionary Force (AEF) during World War I, create a distinct military community among the soldiers under his leadership?


Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, determining the amount of one currency that can be exchanged for a unit of another currency.

Liquidity Preference Theory

A theory suggesting that people prefer to hold their wealth in liquid form for ease of transactions and as a precaution against uncertainty.

Interest Rate

The cost of borrowing money or the return on investment for savings, typically expressed as a percentage of the principal amount per period.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and other liquid assets.

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