In the Early 1970s, in an Attempt to Solve the Problem

question 86

Multiple Choice

In the early 1970s, in an attempt to solve the problem of the overvalued U.S.dollar, world leaders

• A)increased the price of gold in terms of other currencies
• B)appreciated the dollar, which made foreign exchange cheaper to U.S.residents
• C)appreciated the dollar, which made foreign exchange more expensive to U.S.residents
• D)devalued the dollar, which made foreign exchange cheaper to U.S.residents
• E)devalued the dollar, which made foreign exchange more expensive to U.S.residents

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Definitions:

Ten-Percent Plan

A Reconstruction plan proposed by President Abraham Lincoln in 1863, suggesting that a Southern state could be readmitted into the Union once 10% of its voters swore an oath of allegiance to the Union.

Reconstruction

The period after the American Civil War (1865–1877) during which the United States attempted to reintegrate the Confederate states back into the Union and rebuild the South.

Amnesty

A governmental act of forgiveness for individuals or groups who have committed a political offense, often after a conflict or under a new regime.

Attrition Strategy

is a military strategy aiming to gradually wear down the enemy by continuous losses in personnel and material until they are no longer capable of fighting.