if the crash of 1929 had world wide consequences, think of it happening with only one currency. there'd be no " hard currency" to use as a trade medium. it would be worthless money everywhere. or at the least, very devalued. then all purchasing would need to be done with a almost valueless currency, making it that much more difficult to pull the economy back together.
Because, people in other countries will have what they want as currency. Why does it have to be the same? I'm in the US, I don't want to go to France just to be seeing and experiencing the same old thing.
11 months ago
Last edited at 9:25PM on 4/18/2013
Because every country has a different financial situation. Different unemployment, manufacturing, natural resources, government, exports, imports and other factors that affect the value of their currency. It would be like saying everyone's houses should be the same value/equity.