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Which of the following explains why delegates met in Bretton Woods in 1944?
O to create a world bank that anyone could borrow from
• to create a financial institution that would provide economic stability
• to defeat the Nazis
to defeat communist countries
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• to create a financial institution that would provide economic stability
Explanation: The 1944 Bretton Woods Conference established the IMF and the World Bank to promote international monetary stability, facilitate postwar reconstruction and development, and prevent the kind of economic turmoil that had contributed to war. It was not convened to defeat the Nazis or communist countries.
Explanation: The 1944 Bretton Woods Conference established the IMF and the World Bank to promote international monetary stability, facilitate postwar reconstruction and development, and prevent the kind of economic turmoil that had contributed to war. It was not convened to defeat the Nazis or communist countries.
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