What’s Behind the Trade War?

The performance of the U.S. economy in the 20th century owes much to the predominant role of the U.S. dollar in the international monetary system. A large factor behind attaining this role was the political and military supremacy the United States gained after World War I. The position of the dollar in the world today represents a major underpinning of prosperity at home and provides the basis for the expansion of America’s military…