Question

13. What was bretton woods system?​

Answer 1

Answer:

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan after the 1944 Bretton Woods Agreement

The Bretton Woods Agreement was finalised in July 1944 at Bretton Woods in New Hampshire, USA. It established the International Monetary Fund and the World Bank to preserve global economic stability and full employment in the industrial world.

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Answer 2

Answer:

The international Monetary Found (IMF) and the wood back are referred to as the Bretton Woods institution/Bretton Woods Twins.

Explanation:

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