Question

What was the result of the Bretton Woods Conference?


the creation of NAFTA

the creation of the euro

the creation of a fixed exchange-rate system for the United States and much of Western Europe

the creation of a flexible exchange-rate system for the United States and much of Western Europe

Answer 1

The result of the Bretton Woods Conference was **the creation of a fixed exchange-rate system for the United States and much of Western Europe**. The conference took place in 1944 and established a new international monetary order, which included the establishment of the International Monetary Fund (IMF) and the World Bank, as well as a system of fixed currency exchange rates linked to the US dollar, which was itself convertible to gold.