explain bretton wood agreement of history
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The Bretton Woods Agreement was approved in 1944 to address the financial concerns of post-war reconstruction and recovery.
It took place in Bretton Woods, New Hampshire. Under the agreement, countries promised that their central banks would maintain fixed exchange rates between their currencies and the dollar ...
The Bretton Woods Agreement was approved in 1944 to address the financial concerns of post-war reconstruction and recovery.
It took place in Bretton Woods, New Hampshire. Under the agreement, countries promised that their central banks would maintain fixed exchange rates between their currencies and the dollar ...
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Explanation:
1) in July 1944 a confrence in United Nation monetary and financial conference at Bretton woods in new Hampshire ,USA .
2) The Bretton woods conference established International Monetary Fund Deal : External surplus and deflicits of its members.
3) The international bank for reconstruction was set up also known as World bank deal : to finance post war reconstruction
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