Research Paper on:
Euro Currency and Great Britain's Resistance

Unformatted Sample Text from the Research Paper:
Euro expected to take hold and challenge even the most secure of global currencies, including the American dollar. After World War II, nearly every global currency felt the detrimental  impact of postwar attempts to once again bolster the worlds economy, with the Bretton Woods system at the forefront of this most difficult time. Now that the Euro is  destined to become the primary standard of European currency, Britain continues to stand firm upon its conviction that it will not surrender the pound sterling for another monetary system it  deems as a very real concern to British strength; however, speculation contends that Britains political and economic influence throughout Europe will remain peripheral if it remains outside the Euro.  "For the first time since the fall of the Roman Empire most of Europe has a single, common currency. The US dollar faces the first challenge to its hegemony  since it displaced the British pound sterling as the worlds most important currency after the First World War. However, if the Euro is to assume a wider role it  will have to flourish in its own continent and survive challenges to the stability of European economies first" (The Euro - Europes Single Common Currency). II. UNDERSTANDING THE PAST  In order to understand the urgency with which Britain is resisting the Euro from overtaking the pound sterling, as well as the political  and economic impact this will have, it is important for the student to first understand one of the most influential events in Britains monetary history. Recovering from the World  War II was no easy feat. The battle, which was the largest and most expensive in history, proved to be a physical and moral albatross around the political necks