The American Century includes the political influence of the United States but also its economic influence. Many states around the world would, over the course of the 20th century, adopt the economic policies of the Washington Consensus, sometimes against the wishes of their populations. The economic force of the US was powerful at the end of the century due to it being by far the largest economy in the world. The US had large resources of minerals, energy resources, metals, and timber, a large and modernized farming industry and large industrial base. The United States dollar is the dominant world reserve currency under the Bretton Woods system. US systems were rooted in capitalist economic theory based on supply and demand, that is, production determined by customers' demands. America was allied with the G7 major economies. US economic policy prescriptions were the "standard" reform packages promoted for crisis-wracked developing countries by Washington, DC-based international institutions such as the International Monetary Fund (IMF), World Bank, as well as the US Treasury Department.