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he implementation of the Asian contraction strategy, decided to get away from Vietnam to Western Europe , Japan, the cornerstone of foreign partnerships , improving Sino-US relations , easing US-Soviet relations , recognizing the "five forces center "pattern. In the international economy , August 15, 1971 , Nixon announced the introduction of the New Economic Policy , dollar closed the gold window , the implementation of SDRs , gold pool and other measures, meant the collapse of the Bretton Woods system .

② dollar - Wall Street System and the Cold War
After the Bretton Woods system shaken the Western monetary system was in disarray . After several years of intense debate , in September 1974 , International Monetary Fund meeting in Kingston, Jamaica , discussed and approved the establishment of a new international financial system framework agreement that Jamaica system . The point of the system are: non-monetary gold , the abolition of official gold price , gold become mere commodities ; floating exchange rate legalization , Member States are free to choose a fixed rate or floating rate ; improve SDR international reserve currency status , it eventually replace gold and the dollar's international reserve currency status . Jamaica system , just officially announced the end of the Bretton Woods system , but not to establish a new system . Despite the dollar is no longer pegged to gold , but the dollar as an international pricing , payments and reserve position means no change , most national currencies still pegged to the dollar . In fact, the gold out of the field of international monetary , dollar hegemony is not only an international currency has not changed , but to a certain extent be strengthened.

1970s , the Cold War intensified, the U.S. economy stagflation , the strength continues to decline, the Soviet Union in the Soviet offensive against changes by the defensive . In 1979, the Islamic revolution in Iran and the U.S. Embassy in Tehran, Iran hostage crisis , the international political tensions led to a sharp rise in the price of gold , in January 1980 the price of gold over 800 U.S. dollars / ounce, more than a year 's time, the price of gold rose more than 300 % , the gold dollar impact of international currency status appeared again .

1981 Reagan White House , raised the strength of recovery strategy proposed financial innovation , the development of high-tech industries based new economy , "the strength of peace" and " anti- Soviet military buildup to revive national prestige " , the core goal is to compete with the Soviet Union world hegemony ; Reagan's strategic adjustment capabilities for U.S. and international political and economic situation has had a major impact on development .

First , the Reagan administration to promote financial investment instruments and derivative investment products through the development of financial innovation to rebuild the international financial system . Its effect is the main point : the United States stepped up for the world's major currencies , the price of oil and other strategic resources and the ability to lead the price of gold ; rapid development of international financial markets , a lot of excess money supply had been attracted to seek investment opportunities in the financial markets , U.S. domestic inflation and economic stagnation pressure to ease ; interna本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。