The Breakdown of the Bretton Woods System Occurred Because

question 151

Multiple Choice

The breakdown of the Bretton Woods system occurred because

• A)the world economy was basically unhealthy
• B)the collapse of world gold production undermined the operation of the system
• C)the gold value of the dollar exceeded the exchange value, causing an outflow of the gold
• D)the dollar was undervalued
• E)of the greed of the highly industrialized and wealthy countries of the world

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Definitions:

Wild Boy

A reference to cases of children who were raised with little to no human contact and their subsequent difficulties with socialization and communication.

Aveyron

A region in France, known for its picturesque landscapes and historical significance.

Socialization

The method through which people acquire and assimilate the customs, principles, actions, and interpersonal abilities relevant to their community or social circle.

Resocialization

Resocialization occurs when powerful socializing agents deliberately cause rapid change in one’s values, roles, and self-conception, sometimes against one’s will.