Eli5: Why is the U.S. Dollar so powerful?
In: 208
Because the US didn’t have to deal with 2 major back to back wars in the 1900s. It butted in 3 years late to each, screamed, and then guilded itself a victor
Its economy got to grow a lot because it didn’t get destroyed in WW1 & 2 like Europe & Asia did. Africa’s been fairly poor for most of recent history, and South America has been taking a massive L along with em.
As a result, US dollars are a massive safe bet. You can use em to buy just about anything, and they’re not about to become worthless any time soon
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