Question

What steps did economist n politicians of the world take to meet the global economic crises that a rose after the Second World War?

Answer 1

Answer:

Step

1. Brenton woods conference established IMF to deal with external surplus and deficit of its members.

2. The World Bank was set up to finance post war reconstruction.

3. Brenton Woods system was based on fixed exchange rate.

4. Dollar was anchored to gold at a fixed price.