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The global currency that ruled the world for three hundred years before the US dollar

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The global currency that ruled the world for three hundred years before the US dollar
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      The United States dollar became the dominant global reserve currency after World War II, formalized by the Bretton Woods Agreement in 1944. Before that, for a significant period, the British Pound Sterling was the world's leading currency. While the Spanish silver dollar (also known as "pieces of eiRead more

      The United States dollar became the dominant global reserve currency after World War II, formalized by the Bretton Woods Agreement in 1944. Before that, for a significant period, the British Pound Sterling was the world’s leading currency.

      While the Spanish silver dollar (also known as “pieces of eight”) was a widely recognized and used currency across the globe from the 16th to the 19th centuries, especially in trade with the Americas and Asia, the Pound Sterling became the primary reserve currency of much of the world in the 19th century and the first half of the 20th century. This was due to the UK’s industrial and economic dominance, its vast empire, and London’s role as a global financial center.

      So, for approximately 100-150 years before the US dollar, the British Pound Sterling was the reigning global currency, with the Spanish dollar having a very significant global role for about two centuries prior to that.

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