Question

How did the Bretton woods system works??

Answer 1

The Bretton Woods Agreement is the landmark system for monetary and exchange rate management established in 1944. It was developed at the United Nations Monetary and Financial Conference held in Bretton Woods, New Hampshire.

Answer 2

The Bretton Woods Agreement. TheBretton Woods agreement wascreated in a 1944 conference of all of the World War II Allied nations. It took place in Bretton Woods, New Hampshire. ... If a country's currency value became too weak relative to the dollar, the bank would buy up its currency in foreign exchange markets.