what is bretton Woods agreement
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The Bretton Woods Agreement, negotiated in July 1944, established a new international monetary system. It was developed by delegates from 44 countries at the United Nations Monetary and Financial Conference held that month in Bretton Woods, N.H.
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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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