History, asked by sabarishkrishna, 1 year ago

End of Bretton woods institution

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Answered by sanjivmvm21

Answer:

The Bretton Woods Agreement, negotiated in July 1944, established a new international monetary system. ... The Bretton Woods system effectively came to an end in the early 1970s, when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency.

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