ABOUT Breetom wood agreement (July 1944)
Answers
Answered by
2
The Bretton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was a gathering of delegates from 44 nations that met from July 1 to 22, 1944 in Bretton Woods, New Hampshire, to agree upon a series of new rules for the post-WWII international monetary system
Attachments:
Answered by
0
Answer:
The 1944 Bretton Woods agreement established a new global monetary system. It replaced the gold standard with the U.S. dollar as the global currency. By so doing, it established America as the dominant power in the world economy. After the agreement was signed, America was the only country with the ability to print dollars.
The agreement created the World Bank and the International Monetary Fund. These U.S.-backed organizations would monitor the new system.
Similar questions