TERMIUM Plus®

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OVERSUPPLY DOLLARS [1 record]

Record 1 2017-08-31

English

Subject field(s)
  • Economic History
  • National and International Economics
  • Foreign Trade
DEF

A situation in which gold and currency reserves leave the United States at such a rate that the nation suffers a balance of payments deficit.

OBS

This situation occurred in the late 1950s and prevailed through the 1960s into the mid-1970s, beginning at first with large-scale foreign aid programs following World War II, continuing with heavy military spending abroad, and climaxing with greatly increased direct investments abroad ... As a result, the dollar was overvalued in relation to other currencies-that is, there was an oversupply of dollars and a shortage of foreign currencies-and consequently had to be devalued (as it was in 1971 and 1973).

Key term(s)
  • oversupply of dollars

French

Domaine(s)
  • Histoire de l'économique
  • Économie nationale et internationale
  • Commerce extérieur
CONT

Dans un premier temps, 1945-1960, le dollar fut rare (dollar gap) et ne fut donc pas contesté. Dans un second temps à partir des années 60, le déficit de la balance des paiements américaine créa une abondance de dollars qui justifia des demandes de conversion en or.

Spanish

Campo(s) temático(s)
  • Historia de la economía
  • Economía nacional e internacional
  • Comercio exterior
DEF

Salida de divisas de EE.UU. de tal modo que implica déficit de la balanza de pagos.

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