What happens if the DOLLAR looses most of its value? And what is the advantage...?

Question

of it being low in front of many other strong currencies?

A third question would be; was the dollar ever very low before?

Answer 1

The advantage to a low dollar is that goods the we manufacture here in the US will be cheaper for other countries to import so businesses in the US should get more business. Also outsourcing jobs to other countries will be more expensive so fewer jobs will get outsourced and possibly some will come back to the US. Foriegn tourists will find it cheaper to travel to the US so the tourism industry should benefit as well.

Answer 2

If the Dollar looses much of it's value it seems to me the rich would become richer, the poor poorer and the middle class would become poor, drawing a fine line between the two opposite classes.

Answer 3

Yes, during the great depression it was very low. The people that bought up property then and their ancestors had an easy life.

Answer 4

yes the dollar has been lower.
heard that it was once 3 dollars to one pound sterling

Answer 5

there is no positive side to the dollar being as weka as it is now,

It has never been as weak as it is now in my 28 years on this planet, BY FAR.

Answer 6

if its maths your talking about then just go on mymaths.co.uk it'll tell you all you need to know!! otherwise no idea!
good luck!

Answer 7

IT,s unclear to me, why you are saying if!