Back in the day, there was a British pound and a United States dollar.
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The British pound was worth more than the American dollar, due to Britain's strong economic position at the time.
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This all changed with World War II when America became very powerful and dominant militarily.
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As a result of this, Americans started spending more money abroad which drove down the value of the British pound.
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Eventually, it ceased to be used as an international currency altogether.
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The history of Pound to dollar can be traced back to 1206, when the Papacy established the Avignon or Languedoc Roman province.
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The currency at this time was known as the livre carolingienne, and it was based on the Holy Land pound of silver that weighed 16 ounces.
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In 1360, Edward III issued a proclamation declaring that all English money should be standardized at 22 shillings per pound of gold.
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This resulted in an increase in commerce and led to greater wealth for those who handled money.
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Additionally, there was less corruption because different regions had their own currency which didn't devalue over time like other currencies have done throughout history.
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