Artwork description:

«In 1958, the Bretton Woods system became fully functional as currencies became convertible. Countries settled international balances in dollars, and US dollars were convertible to gold at a fixed exchange rate of $35 an ounce. The United States had the responsibility of keeping the price of gold fixed and had to adjust the supply of dollars to maintain confidence in future gold convertibility. The Bretton Woods system was in place until persistent US balance-of-payments deficits led to foreign-held dollars exceeding the US gold stock, implying that the United States could not fulfill its obligation to redeem dollars for gold at the official price. In 1971, President Richard Nixon ended the dollar’s convertibility to gold.»



All money is a matter of believe.


Details:
level_10
ALPHA series
2024, Ukraine (Delivery from Poland)
Size: 95 x 95 cm (37 x 37")
Material: wood (oak veneer, birch plywood), wooden frame, mirror material, acrylic paint

This physical work of art is limited to 250 copies and comes with a signed certificate of authenticity. Each piece is created from scratch and may differ from the photos

Materials used:

Wood: oak veneer, birch plywood; wooden frame, mirror material, acrylic paint

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