The United States Dollar (USD) is the official currency of the United States and is one of the most widely used currencies in the world. Here are some key points about the USD:

Overview

• Symbol: $
• ISO Code: USD
• Subunit: Cent (¢)
• Banknotes: Common denominations include $1, $5, $10, $20, $50, and $100.

History

• The USD was established as the official currency with the Coinage Act of 1792.
• It became the world’s primary reserve currency after World War II.

Usage

• The USD is used for international transactions and is held as a reserve currency by many countries.
• It can be found in various forms, including banknotes and coins.

Exchange Rate

• The value of the USD fluctuates in response to economic conditions, interest rates, and global markets.

Coinage Act of 1792

World War 2

World War II

World War II was a global conflict that lasted from 1939 to 1945, involving most of the world’s nations. Here are some key points about the war:

Overview

• Duration: 1939 – 1945
• Major Powers: Allied Powers (including the United States, Soviet Union, United Kingdom, and China) vs. Axis Powers (primarily Germany, Italy, and Japan)

Causes

• The rise of totalitarian regimes in Europe and Asia.
• Economic instability following World War I, including the Great Depression.
• Expansionist policies of Axis Powers, leading to invasions and territorial claims.

Major Events

• Invasion of Poland (1939): Marked the beginning of the war in Europe as Germany invaded Poland.
• Pearl Harbor (1941): Japan’s surprise attack on the United States, leading to U.S. entry into the war.
• D-Day (1944): Allied invasion of Normandy, a pivotal moment in the European theater.

Consequences

• Significant loss of life, with estimates of 70-85 million fatalities.
• Establishment of the United Nations in 1945 to foster international cooperation.
• Political and territorial reshaping of the world, including the beginning of the Cold War.

Conclusion

The United States Dollar is a crucial component of the global economy, serving as a benchmark for trade and finance around the world.