The Bretton Woods Agreement Encourages Free Trade
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Diplomacy, International Relations, Foreign Affairs, Economics
- Subcategories: Business, Trade, Commerce, Organizations, Agencies, Institutions, Treaties, Agreements, Negotiations
- Curriculum: American History 1901-1950, 20th & 21st Century European History, British History
- Geographical Location: New England, New Hampshire
- Date: July 1-22, 1944
Article abstract: The Bretton Woods Agreement provided the basis for the postwar fixed exchange rate system and the establishment of the International Monetary Fund (IMF) and the World Bank.
Summary of Event
In July of 1944, about seven hundred delegates, representing forty-four countries, met at the first United Nations Monetary and Financial Conference, held at the Mount Washington Hotel in Bretton Woods, New Hampshire. The purpose of the conference was to develop an agreement to deal with the organization of the post-World War II international...
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