Question

What is meant by Bretton woods agreement?

Answer 1

The Bretton woods took place in July 1944 at Bretton woods in New hampshire , USA . To preserve global economic stability and full employment in the industrial world, ' International monetary fund ' (IMF) and the world bank were established. They mainly dealt with debits of member nations and external surplus, and also financed the post - war reconstructions.

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Answer 2

The Bretton Wood conference was held in July 1944 at Bretton Wood in New hemisphere USA under this c conference Bretton Wood agreement the international monetary fund IMF and the international bank for reconstruction  and development IBRD popularly known as the world Bank were established to preserve global economic stability and full employment industrialised world