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Unformatted text preview: as a more viable option than the dollar for doing international business. It has become perceived as more stable than the U.S. dollar. The Iraq wars economic impact is difficult at best to measure. Some theorize that the United States invaded Iraq because in 2000 Saddam Hussein had switched from dollars to the euro as the medium of exchange for purchasing Iraqi oil. Whatever the reason, this war on Iraq has caused the United States to be viewed as a not so rational and cooperative republic abroad. Some of the loyalist allies of the U.S. refused support and help in the Iraq war venture. Money that could have been made more productive in other arenas is being funneled into an internationally poorly perceived war. Absolutely the negative impact of the war on Iraq is showing in our foreign trade....
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- Spring '08