What is Bretton Woods Agreement?
A 1944 agreement made in Bretton Woods, New Hampshire, which helped to establish a fixed exchange rate in terms of gold for major currencies. The International Monetary Fund was also established at this time. Read more for examples and further explanation including related video clips and also comments
Example explains Bretton Woods Agreement
This agreement governed currency relationships until the early 1970s, when a floating exchange rate system was adopted. Before its breakdown, the agreement was useful in maintaining order and accomplishing common objectives among the states that created it.
[tubepress mode=’tag’, tagValue=’Bretton Woods Agreement invest’]