HS.SS.12.D

Describe the current role of the U.S. dollar in trade in the world market and analyze how that has changed over time, in particular since departing from the gold standard in 1971.

High School · Texas Essential Knowledge and Skills (TEKS) · TEKS 2010

Standard Unwrapping

AI-generated as a starting point — sign in to edit.
Vocabulary
current roleU.S. dollartradeworld marketchangegold standard1971
Skills
  • describe (the current role of the U.S. dollar in trade in the world market) #dok1
  • analyze (how the role of the U.S. dollar in world trade has changed over time, especially since 1971) #dok3
  • compare (the role of the U.S. dollar before and after abandoning the gold standard) #dok2
Learning Targets
  • I can describe the current role of the U.S. dollar in trade in the world market. #dok1
  • I can compare the U.S. dollar’s role in the world market before and after the gold standard. #dok2
  • I can analyze how and why the U.S. dollar’s global role has changed since 1971. #dok3
Big Ideas
  • The U.S. dollar plays a significant and evolving role in world trade, especially after the transition away from the gold standard.
  • Changes in the international monetary system, such as moving off the gold standard, have had major impacts on global trade and the dominance of the U.S. dollar.
Essential Questions
  • What is the current status of the U.S. dollar in global trade?
  • How did the gold standard influence the role of the U.S. dollar in the world market?
  • Why did the U.S. leave the gold standard in 1971, and what effects did this have on international trade?
  • In what ways has the role of the U.S. dollar in world markets changed since 1971?
  • How does the status of the U.S. dollar affect the global economy today?