The conference paved the way for the establishment of the International Monetary Fund (IMF) and the World Bank, and an international monetary system was created in which exchange rates were tied to the U.S. dollar and gold. The Bretton Woods system defined the framework of the global financial order for decades after the war.
Source: Wikipedia
Frequently asked questions
- What was Bretton Woods Conference?
- In July 1944, at the international conference convened in the town of Bretton Woods in the United States, the foundations of the post-war world economic order were laid.
- When did Bretton Woods Conference happen?
- 1944 CE
- Where did Bretton Woods Conference take place?
- ABD