Question

what is bretton woods agreement

Answer 1

DescriptionThe Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan after the 1944 Bretton Woods Agreement.

Answer 2

The Bretton Woods Agreement established the International Monetary Fund (IMF) and the World Bank for preserving global economic stability and employment in the industrial world. The agreement was finalised in July 1944 at Bretton Woods in New Hampshire, USA.