Gold was set at a fixed rate of $35.00 an ounce and the dollar was the central currency for international trade. The first cracks in that system became evident when the British drastically devalued the pound in 1967 because the strong pound made British goods too expensive on the international markets. The Bretton Woods system finally collapsed when President Nixon took the United States off the gold standard in 1971."The discussion went on from there with Mitchell Stroach from the Office of Management and Budget explaining to the President how a series of economic blunders by succeeding Presidents, including Nixon's wage and price freeze and his stimulation of the economy until after he was safely reelected, Ford's abortive Whip Inflation Now policy, followed by a stimulatory fiscal policy when unemployment became too high in an election year, the easy money policies during the first part of Carter's term, followed by tight monetary policy by the Fed to lower the double digit. " I'll have to admit I didn't notice much about the trip after we left Twisted River, until we saw your ship." On your tour this morning Lorelei will take you to the observation bubble. Nearly everyone enjoys the view of the universe from there. We sometimes go up there to watch the activity around our ships." Keri, how old are you?" said Virginia."By our calendar, I will be seven in a few months." Virginia started to reply, as Keri continued with, "If we were on Earth, I would be nearly ten." You seem much older than that." Even though we live a long time, we reach maturity within a year of being thirteen, and shortly after that we will likely reach our adult height of around 210 cm." Wow, you'll be as tall as those we were with last night. So what do you do during the day?" We go to school and do other group activities. Sometimes we help out in the different departments." Isn't it difficult with different ages all in the same class?" We don't really divide into classes. We work.
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