
Diagram of the British slave ship Brookes, published in 1788. Public domain, British Library.
At the Plaza Hotel in 1985, five governments agreed to push the dollar down.
If money is tight, a cheaper dollar can mean dearer imports at the store.
If you are in the middle, a factory that exports gets a lift and a household that buys imports pays.
If you have savings, overseas earnings and domestic exporters are revalued by a meeting.
On September 22, 1985, the United States, Japan, West Germany, France, and Britain announced the Plaza Accord.
They wanted a weaker dollar after a long climb.
The dollar fell.
Source: Plaza Accord communique, September 22, 1985.