How the Dollar Became the World's Top Global Currency

Tags Money and BanksWar and Foreign PolicyWorld History

05/18/2023Ryan McMaken

Narrator:

The dollar became the dominant global currency not so much because of its own merits, but because of the self-destruction of the pound sterling caused by the British state and central bank.

Original Article: "How the Dollar Became the World's Top Global Currency"

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

Author:

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is executive editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.