Block, Siteadmin, SkipCaptcha, Upload, Automoderated users, delete, edit, move, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, protect, rollback, Administrators, template
295,076
edits
Changes
no edit summary
The '''Bretton Woods Conference''' established in July 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 July 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 essential agreement was to establish a [[gold]] standard for the world's leading currencies. Each industrialized nation would adopt a monetary policy to maintain the exchange rate of its currency within a fixed value relative to [[gold]], plus or minus one percent. The role of the IMF was to handle temporary imbalances of payments between nations.
The essential agreement was to establish a [[gold]] standard for the world's leading currencies.<ref>Prof. [[Jiang Xueqi]] describes this as "the power of [[God]], taking paper and turning into [[gold]]." [https://youtu.be/_gH4PvIni5E Civilization #END: The Decline and Fall of the American Empire.] Predictive History, Jun 12, 2025. [[YouTube]].</ref> Each industrialized nation would adopt a monetary policy to maintain the exchange rate of its currency within a fixed value relative to [[gold]], plus or minus one percent. The role of the IMF was to handle temporary imbalances of payments between nations.
==Bretton Woods system==
==Bretton Woods system==