BRETTON WOODS AGREEMENT
- The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s.
- The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
- The Bretton Woods System collapsed in the 1970s but created a lasting influence on international currency exchange and trade through its development of the IMF and World Bank.
- Anderson, S. (n.d.). Bretton Woods Agreement and System. Retrieved from Investopedia: https://www.investopedia.com/terms/b/brettonwoodsagreement.asp
@kieran.wicks #question from @kieran.wicks #Wealth #SocialEngineering #Goldstandard #GoldRushStories #Economy #WW2 #Fiat #Money #HistoryofMoney #IMF #WorldBank ♬ original sound - Kieran.Wicks
Mt. Washington hotel in Bretton Wood, New_Hampshire
WORLD CONFERENCE ON MONETARY PLANS - May 29 1944 - Advocate TAS
WORLD CONFERENCE ON MONETARY PLANS
WASHINGTON, Sunday - President Roosevelt has called an international monetary conference, which will begin on July 1, to discuss postwar financial problems. Invitations have been sent to 43 nations, including Australia. New Zealand and the French Committee of Nations' Liberation.
Tho conference will be held at Bretton Woods, New Hampshire. A White House announcement said it was expected to last several weeks. All agreements worked out would subsequently be submitted to the Governments for approval. The U.S. delegation would be headed by the Secretary of thc Treasury (Mr. Morgenthan).
The Associated Press says the conference will consider proposals for a 10,000,000.000 dollar world bank for reconstruction and development.
WORLD CONFERENCE ON MONETARY PLANS (1944, May 29). Advocate (Burnie, Tas. : 1890 - 1954), p. 2. Retrieved July 21, 2021, from http://nla.gov.au/nla.news-article68852336
Bretton Woods Conference
John Maynard Keynes played a leading role in the formulation of the Bretton Woods agreements
Delegates from forty-four countries at the landmark Bretton Woods conference.
Delegates attend the Bretton Woods conference in July of 1944 at the Mt. Washington Hotel in Bretton Woods, New Hampshire
John Maynard Keynes (centre) played a leading role in the formulation of the Bretton Woods agreements and instrumental in the establishment of the IMF. Photograph: Hulton Archive/Getty Images