The '''Bretton Woods Conference''' established in 1944 the [[gold]] standard upon which the leading [[economic]] nations, and particularly the [[United States]], would base their financial relations and monetary systems. 44 Allied nations sent delegates to the Mount Washington Hotel in Bretton Woods, [[New Hampshire]], under the auspices of the [[United Nations]], to discuss and sign the Bretton Woods Agreements in July 1944. These agreements established the [[International Monetary Fund]] (IMF), which still exists, and the International Bank for Reconstruction and Development (IBRD), which is now part of the [[World Bank]] Group. | The '''Bretton Woods Conference''' established in 1944 the [[gold]] standard upon which the leading [[economic]] nations, and particularly the [[United States]], would base their financial relations and monetary systems. 44 Allied nations sent delegates to the Mount Washington Hotel in Bretton Woods, [[New Hampshire]], under the auspices of the [[United Nations]], to discuss and sign the Bretton Woods Agreements in July 1944. These agreements established the [[International Monetary Fund]] (IMF), which still exists, and the International Bank for Reconstruction and Development (IBRD), which is now part of the [[World Bank]] Group. |