WORLD INTERVENES AGAINST STRONG DOLLAR (1985–1987)

WORLD INTERVENES AGAINST STRONG DOLLAR (1985–1987)   The excessive strength of the U.S. dollar proved detrimental to the world economy. The U.S. trade gap moved sharply into a deficit and millions of manufacturing jobs were lost. Sharp depreciations in the currencies of the United States’ trading partners triggered surging inflation that required central banks to…