Question

Why was US participation in the international economic system vital?

for exchange-rate stabilization.

Could someone explain this to me. I've already gone through websites.

Answer 1

this was during FDR's presidency

Answer 2

We needed to trade goods with the world. This was most efficient when we knew from one month to the next what the dollar was worth compared with other currencies.

Answer 3

but when the US withdrew from exchange-rate stabilization, how was this a bad thing for other countries?

Answer 4

The exchange rate also determined the profit made from goods bought from and sold to other countries.

Answer 5

for the second question:

was it because the US was buying from other countries?

Answer 6

like mainly the US

Answer 7

What is your second question?

Please clarify your answer.