Question

Discuss the main features of bretton woods conference. class 10

Answer 1

The Bretton woods system as a monetary management system was set as the rules for the commercial and financial relations among the world's major industrial nations. The planners at Bretton Wood established the International Bank for Reconstruction and Development (IBRD) nd the International Monetary Fund (IMF). The reason behind setting up such a set of rules, institutions and procedures was to manipulate the International monetary system.