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Strong Dollar Policy
Strong dollar policy is United States economic policy based on the assumption that a "strong" exchange rate of the United States dollar (meaning it takes fewer dollars to purchase the same amount of another currency) is in the interests of the United States. In 1971, Treasury Secretary John Connally famously remarked how the US dollar was "our currency, but your problem," referring to how the US dollar was managed primarily for the US' interests despite it being the currency primarily used in global trade and global finance. A strong dollar is recognized to have many benefits but also potential downsides. Domestically in the US, the policy keeps inflation low, encourages foreign investment, and maintains the currency's role in the global financial system. Globally, a strong dollar is thought to be harmful for the rest of the world. In financial markets, the strength of the dollar is measured in the "DXY Index" (sometimes named the "USDX index"), an index which measures the exch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Dollar Index DXY
US or Us most often refers to: * ''Us'' (pronoun), the objective case of the English first-person plural pronoun ''we'' * US, an abbreviation for the United States US, U.S., Us, us, or u.s. may also refer to: Arts and entertainment Albums * ''Us'' (Brother Ali album) or the title song, 2009 * ''Us'' (Empress Of album), 2018 * ''Us'' (Mull Historical Society album), 2003 * ''Us'' (Peter Gabriel album), 1992 * ''Us'' (EP), by Moon Jong-up, 2021 * ''Us'', by Maceo Parker, 1974 * ''Us'', mini-album by Peakboy, 2019 Songs * "Us" (James Bay song), 2018 * "Us" (Jennifer Lopez song), 2018 * "Us" (Regina Spektor song), 2004 * "Us" (Gracie Abrams song), 2024 * "Us", by Azealia Banks from '' Fantasea'', 2012 * "Us", by Celine Dion from '' Let's Talk About Love'', 1997 * "Us", by Gucci Mane from '' Delusions of Grandeur'', 2019 * "Us", by Spoon from '' Hot Thoughts'', 2017 Other media * US Festival, two 1980s California music festivals organized by Steve Wozniak * ''Us'' (1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" ( ). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Bizone, Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
9th G7 Summit
The 9th G7 Summit was held at Williamsburg, Virginia, United States between May 28 and 30, 1983. The venue for the summit meetings was Colonial Williamsburg in Virginia. The Group of Seven (G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, West Germany, Italy, Japan, the United Kingdom, the United States, Canada (since 1976), and the President of the European Commission (starting officially in 1981). The summits were not meant to be linked formally with wider international institutions; and in fact, a mild rebellion against the stiff formality of other international meetings was a part of the genesis of cooperation between France's president Valéry Giscard d'Estaing and West Germany's chancellor Helmut Schmidt as they conceived the first Group of Six (G6) summit in 1975. Leaders at the summit The G7 is an unofficial annual forum for the leaders of Canada, the European Commission, France, Germany, Italy, Japan, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
8th G7 Summit
The 8th G7 Summit was held in Versailles, France from 4 to 6 June 1982. The venue for the summit meetings was at the Palace of Versailles.Japan, Ministry of Foreign Affairs ( MOFA) Summit Meetings in the Past./ref> The Group of Seven (G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, West Germany, Italy, Japan, the United Kingdom, the United States, Canada (since 1976),Saunders, Doug "Weight of the world too heavy for G8 shoulders," ''Globe and Mail'' (Toronto). July 5, 2008 -- n.b., the G7 becomes the Group of Eight (G8) with the inclusion of Russia starting in 1997. and the President of the European Commission (starting officially in 1981).Reuters "Factbox: The Group of Eight: what is it?" July 3, 2008. The summits were not meant to be linked formally with wider international institutions; and in fact, a mild rebellion against the stiff formality of other international meetings was a part of the genesis of cooperation b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donald Regan
Donald Thomas Regan (December 21, 1918 – June 10, 2003) was an American government official and business executive who served as the 66th United States secretary of the treasury from 1981 to 1985 and as the 11th White House chief of staff from 1985 to 1987 under Ronald Reagan. Regan studied at Harvard University before he served in the U.S. Marine Corps, achieving the rank of lieutenant colonel. In 1946, he began to work for Merrill Lynch, serving as its chairman and CEO from 1971 to 1980. In the Reagan administration, Regan advocated " Reaganomics" and tax cuts as a means to create jobs and to stimulate production. Early life and education Donald Regan was born in Cambridge, Massachusetts, the son of Kathleen (née Ahearn) and William Francis Regan. He was of Irish Catholic origins. Regan earned his Bachelor of Arts in English from Harvard College in 1940 and attended Harvard Law School before dropping out to join the Marine Corps at the outset of World War II. He reach ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ronald Reagan
Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party (United States), Republican Party and became an important figure in the American conservative movement. Presidency of Ronald Reagan, His presidency is known as the Reagan era. Born in Illinois, Reagan graduated from Eureka College in 1932 and was hired the next year as a sports broadcaster in Iowa. In 1937, he moved to California where he became a well-known film actor. During his acting career, Reagan was president of the Screen Actors Guild twice from 1947 to 1952 and from 1959 to 1960. In the 1950s, he hosted ''General Electric Theater'' and worked as a motivational speaker for General Electric. During the 1964 United States presidential election, 1964 presidential election, Reagan's "A Time for Choosing" speech launched his rise as a leading conservative figure. After b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Volcker
Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chair of the Federal Reserve, chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s, with measures known as the ''Volcker shock''. He previously served as the List of presidents of the Federal Reserve Bank of New York, president of the Federal Reserve Bank of New York from 1975 to 1979. President Jimmy Carter nominated him to succeed G. William Miller as Fed chairman and President Ronald Reagan renominated him once. Volcker did not seek a third term at the Fed and was succeeded by Alan Greenspan. After his retirement from the Board, he chaired the Economic Recovery Advisory Board under President Barack Obama from 2009 to 2011 during the subprime mortgage crisis. Early life and education Volcker was born ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chair Of The Federal Reserve
The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Federal Reserve Board of Governors, Board of Governors of the Federal Reserve System. The chairman presides at meetings of the Board. The chairman serves a four-year term after being nominated by the president of the United States and confirmed by the United States Senate; the officeholder serves concurrently as a member of the Board of Governors. The chairman may serve multiple terms, subject to re-nomination and confirmation each time; William McChesney Martin (1951–1970) was the longest serving chair, with Alan Greenspan (1987–2006) a close second. neither the president nor congress of the US can dismiss a chairman before the end of a term. Jerome Powell was sworn in as chairman on February 5, 2018. He had been first nominated to the position by President Donald Trump on November 2, 2017, and confirmed by the Senate. He was nomi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fiscal Policy
In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorised that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. In modern economies, inflation is conventionally considered "healthy" in the range of 2%–3%. Add ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Helmut Schmidt
Helmut Heinrich Waldemar Schmidt (; 23 December 1918 – 10 November 2015) was a German politician and member of the Social Democratic Party of Germany (SPD), who served as the chancellor of West Germany from 1974 to 1982. He was the longest lived chancellor in German history and had the longest post-chancellorship, at over 33 years. Before becoming chancellor, he served as the minister of defence (1969–1972) and the minister of finance (1972–1974) in the government of Willy Brandt. In the latter role he gained credit for his financial policies. He had also briefly been minister of economics and acting foreign minister. As chancellor, he focused on international affairs, seeking "political unification of Europe in partnership with the United States". He was an energetic diplomat who sought European co-operation and international economic co-ordination. He was re-elected chancellor in 1976 and 1980, but his coalition fell apart in 1982 with the switch by his coalition all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
4th G7 Summit
The 4th G7 Summit was held at Bonn, West Germany between 16 and 17 July 1978. The venue for the summit meeting was at the former official residence of the Chancellor of the Federal Republic of Germany in Bonn, the ''Palais Schaumburg.''Japan, Ministry of Foreign Affairs ( MOFA) Summit Meetings in the Past./ref> The Group of Seven (G7) was an unofficial forum which brought together the heads of the richest industrialized countries: France, West Germany, Italy, Japan, the United Kingdom, the United States, Canada (since 1976),Saunders, Doug "Weight of the world too heavy for G8 shoulders," ''Globe and Mail'' (Toronto). July 5, 2008 -- n.b., the G7 becomes the Group of Eight ( G7) with the inclusion of Russia starting in 1997. and the President of the European Commission (starting officially in 1981).Reuters "Factbox: The Group of Eight: what is it?" July 3, 2008. The summits were not meant to be linked formally with wider international institutions; and in fact, a mild rebellion ag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeo Fukuda
was a Japanese politician who served as prime minister of Japan from 1976 to 1978. Born in Gunma Prefecture and educated at Tokyo Imperial University, Fukuda served as an official in the Ministry of Finance for two decades before entering politics. He was first elected to the Diet in 1952, and served as agriculture, forestry, and fisheries minister in 1959–1960 under Nobusuke Kishi, as head of the party's political affairs section under Hayato Ikeda, and as finance minister (1965–1966, 1968–1971) and foreign minister (1971–1972) under Eisaku Satō, becoming his protégé. Fukuda's political life was marked by a rivalry with Kakuei Tanaka, who succeeded Satō as prime minister in 1972 and under whom Fukuda served as finance minister from 1973 to 1974. As prime minister from 1976, Fukuda formulated the Fukuda Doctrine, which pledged trust and cooperation with Asian countries, and concluded the Treaty of Peace and Friendship between Japan and China in 1978. He was succe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
