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.
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
1 answer
1 answer