Instead, the world settled for a system under which everyone fixed their exchange rates to the dollar, which was in turn linked to gold.
而与之相反，全世界形成了这样一个体系：每个国家固定了各自的美元汇率，而美元又同黄金挂钩。
2
The 1930s gold standard was a fixed exchange rate system in which deficit countries were required to adjust by way of deflation rather than devaluation.