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ERIC Number: EJ788131
Record Type: Journal
Publication Date: 2008-Mar
Pages: 4
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-0037-7724
EISSN: N/A
Sliding U.S. Dollar Packs a Wallop to Wallets Worldwide
Bowman, Quinn
Social Education, v72 n2 p84-87 Mar 2008
The dollar, once one of the world's strongest currencies, has fallen dramatically in recent years--a development impacting attitudes from corporate boardrooms to the sets of music videos where artists are choosing to flash the euro over American cash. When measured against a collection of other leading worldwide currencies--like the European euro, the Japanese yen and the Canadian dollar--the U.S. dollar has lost a quarter of its value over the last five years, according to the "Economist" magazine. The dollar is losing value because of several factors: the federal deficit, the trade deficit and most recently, the weakening economy due to the housing and mortgage crunches. (Contains 4 online resources.)
National Council for the Social Studies. 8555 Sixteenth Street 500, Silver Spring, MD 20910. Tel: 800-683-0812; Tel: 301-588-1800; Fax: 301-588-2049; e-mail: membership@ncss.org; Web site: http://www.socialstudies.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Canada; China; Japan
Grant or Contract Numbers: N/A