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With the collapse of the gold standard came fluctuations in international exchange rates, which created opportunities for foreign investors. During the seventies, the overvalued dollar would buy 50% more overseas, making overseas investments very profitable. Thus, for example, Ford Motor Company, which was experiencing tremendous losses in the United States, was able to use the profits from its European subsidiary to develop the models that five years later would bring Ford to the top of the pack. Now the reversal of the dollar's relationship to other major currencies has put the shoe on the other foot, making expansion into U.S. markets attractive to foreign investors.
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