what is meant by the Bretton woods agreement?
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Bretton Woods Agreement. United Nations Monetary and Financial Conference was held at Bretton Woods in New Hampshire, USA in July 1944. In this conference an agreementwas signed, where the members decided to decide on a framework to create an economic system for preserving economic stability and full employment.
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The 'Bretton Woods' Agreement 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 the deb.ts of member nations and external surplus, and also financed the post-war reconstructions.
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