Question

explain Brenton wood system in Hindi or in easy English

Answer 1

The Bretton Woods system was the first system used to control the value of money between different countries. It meant that each country had to have a monetary policy that kept the exchange rate of its currency within a fixed value—plus or minus one percent—

The Bretton Woods system was the first monetary order that organized monetary relations among independent nation-states.

Bretton Woods set up a system of rules, institutions, and procedures to regulate the international monetary system. These organizations became active in 1946 after enough countries had ratified the agreement.

Until the early 1970s, the Bretton Woods system worked. It controlled conflict and achieved the common goals of the leading states that had created it, especially the United States.

Answer 2

Bretton wood system was based on fixed exchange rate in this system national currency, for eg- the indian rupee ,were pegged to the dollars at the fixed exchange rate. the dollar itself was anchord to a gold at a fixed price of dollar 35per quence of gold