The dollar as the reserve currency was the result of war,
not peace and or free trade;
largely a war fought to the death by Germany and the Soviet Union, overwhelmingly on the Eastern Front, not the Western one.
There were many lesser players including the US.
The War was not 'won', as we ended up with a Cold War, also to some extent a faux war, a war of laissez faire convenience, lasting until 1990.
We and the Soviet Union each lost the Cold War, as other powers have risen during this conflict fought largely with free trade and open market (ours) boom policies, powers brought into prosperity and adversity by the Cold War.
We got less hurt than others after WW II. Ours became the reserve currency ostensibly backed, at least until 1970 or so, by gold.
That is the short of it.
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