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in 1944 a few weeks after Allied troops stormed the beaches of Normandy in the Final Phase of World War II began representatives from 44 countries gathered at a hotel in the northeastern United States they were there for the Bretton Woods conference an event which would shape the economic future of the post-war world one of the results of Bretton Woods was that the U.S dollar officially became the worlds Reserve currency that is other National currencies were pegged to the dollar which was itself backed by Americas Mighty gold reserves the dollar has been the worlds Reserve currency ever since the primary medium of exchange and pricing mechanism for international trade and debt and the most popular National currency for Nations and investors to hold Americas enduring economic and Military might has long maintained this status quo but in the rapidly Changing Times were living through there are Rumblings that the dollar status could be under threat so is the dollar really on the dec