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COMMENTS

  1. While through the publish-conflict increase the export of dollars by way of foreign direct funding had enabled fast growth in deficit nations, this part change meant that US capital exports grew to become more and more inflationary.37 The spiralling US budget deficits of the Vietnam struggle solely intensified this downside of inflation, because the seemingly inevitable devaluation of the greenback threatened to undermine the reserves, and therefore the balance of payments, of all nations, straining the mounted exchange fee system to its limits.

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