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Politics : Foreign Affairs Discussion Group

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To: Nadine Carroll who wrote (35024)7/25/2002 11:41:10 PM
From: Jim Willie CB  Read Replies (2) of 281500
 
favor: wanted some background info on 1985 Plaza Accord

I would greatly appreciate any background info on this G7-type agreement that helped the US Govt and economy

I was distracted back then early in my first job
the Reagan Star Wars initiative was underway
the early 1980 recession was slowly shedding
but I cannot recall much on the currency side

anybody simply run off several key details on the map
I am trying to understand the assistance received by USA
and the implications to the USDollar

I just read that in 1985 the US$ lost 35% value in 12 months
that seems staggering
wondering about the background setting for that
also, I read that US trade debt was 3% of GDP back then
I remember in the mid-1970's the trade gap hit $100B

thanks very much
you guys here on FADG are extremely sharp with great memories
/ jim
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