Describe the Bretton Woods Agreement
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In Bretton Woods Agreement and conference was singed where the member decided to decide on a framework to create an economic system .
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BRETTON WOODS AGREEMENT:-
- THE BRETTON WOOD CONFERENCE WAS CONVENED IN JULY, 1944 AT BRETTON WOODS IN NEW HAMPSHIRE, U.S.A.
- ITS MAIN AIM WAS TO PRESERVE ECONOMIC STABILITY AND FULL EMPLOYMENT IN THE INDUSTRIAL WORLD.
- THE CONFERENCE ESTABLISHED INTERNATIONAL MONETARY FUND AND THE INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT.
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