For the best answers, search on this site https://shorturl.im/S6Lim. The song War was written by Norman Whitfield and Barrett Strong for the Temptations in 1969. A year later, Edwin Starr sang the song we are all familiar with today and it hit #1 on Billboard in 1970. So the Temptations did in fact sing it first, but never had a big hit with it. Lisa Â· 5 months ago.
The Typical Duration of a World Reserve Currency. The reserve currency transition is a cycle that has typically lasted in history somewhere between 80 to 110 years. Officially, the US dollar has been the reserve currency for 68 years. However, the US dollar was used in trade much before, since the 1920âs in fact.
The dollar is very susceptible to losing its vaunted reserve currency position by the first major trading country that stops inflating its currency. There is evidence that China understands what is at stake; it has increased its gold holdings and has instituted controls to prevent gold from leaving China.here may be other currencies that are in demand for trade settlement by other international companies as well. In spite of all this, one factor that has helped the dollar retain its reserve currency demand is that the other currencies have been inflated, too.