Reserve currency before the beginning of the worldwide credit crunch related recession and Eurozone crisis, which harmed the euro and slowed its adoption. Since 2009, the reserve currency use of the euro has continued to drop, down to 23.9 percent in 2013. The Dutch guilder was the "de facto" reserve currency in Europe in 17th and 18th centuries. The United Kingdom's pound sterling was the primary reserve currency of much of the world in the 19th century and first half of the 20th century. The emergence of the USA as an economic superpower, and the establishment of the U.S. Federal Reserve System
What the World Needs Now Is Love to play it for DeShannon. The song was also rejected by Gene Pitney, reportedly over a financial dispute. DeShannon's version was recorded on March 23, 1965, at New York's Bell Sound studios. Bacharach arranged, conducted and produced the session. In addition to the DeShannon hit recording and the numerous cover versions, "What the World Needs Now is Love" served as the basis for a distinctive 1971 remix. Disc jockey Tom Clay was working at radio station KGBS in Los Angeles, California, when he created the single "What the World Needs Now is Love/Abraham, Martin and John", a social commentary that