International Trade: Traditional Theory, Current Research, and Practical Application: The Owner's Manual for Capital Accumulation (Paperback) (ISBN-13: 9781450203593)

There were basic reasons for the promotion of the U.S. dollar as petroleum currency world-wide. Since the foreign powers that purchased petroleum, just like the United States, needed money to spend, it was in the interest of American interests abroad, to have those purchases made with U.S. dollars. In this way, when foreign nations were looking for venues for capital investment, the money would return home to American interests. The main reason was that when the U.S. dollars returned to America, that capital would then be invested in American investment interests.

Author: Nicholas Jewczyn
ISBN-10: 1450203590
ISBN-13: 9781450203593
Publisher: iUniverse
Language: English
Published: 01/22/2010
Pages: 152
Format: Paperback
Weight: 0.35lbs
Size: 8.00h x 5.00w x 0.33d