Description
Some important roots of modern globalization go back to the arrangement of the post-WWII economic order by the United States. In this regard, one of the most important influences on world finance in the modern era took place in 1944 and was called the Bretton Woods Conference. What was the conference all about? What did it accomplish?
Explanation & Answer
Attached.
Running head: BRETTON WOODS CONFERENCE
Bretton Woods Conference
Name
Institution
1
ACTIVITY ANALYISIS
2
Bretton Woods Conference
Bretton Woods Conference of July 1944, was a meeting by seven hundred and thirty
delegates from forty-four allied nations in a hotel known as Mount Washington in Bretton
hence its name. It is also called United Nations Monetary and Financial Conference because
its purpose was to regulate the international monetary and financial order after the end of the
Second World War. After the war, the United States called upon allied countries to send
representatives to attend the international monetary conference so as they could together
formulate a definite proposal for the International Monetary Fund and if possible a Bank for
Reconstruction and Development considering the damage left behind by the war (Donald,
2006).
The Bretton Wood main results included; The Article of Agreement to create IMF so as to
promote stability of exchange as ...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!