Bretton Woods Conference


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Related to Bretton Woods Conference: gold standard, International Monetary Fund, Bretton Woods system

Bretton Woods Conference,

name commonly given to the United Nations Monetary and Financial Conference, held (July 1–22, 1944) at Bretton Woods, N.H., where 730 delegates representing 44 countries endeavored to create the rules for the post–World War II international economy. The conference resulted in the creation of the International Monetary FundInternational Monetary Fund
(IMF), specialized agency of the United Nations, established in 1945. It was planned at the Bretton Woods Conference (1944), and its headquarters are in Washington, D.C.
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, to promote international monetary cooperation, and of the International Bank for Reconstruction and DevelopmentInternational Bank for Reconstruction and Development (IBRD)
(IBRD), independent specialized agency of the United Nations, with headquarters at Washington, D.C.; one of five closely associated development institutions (also including the International Center for Settlement of
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. By Dec., 1945, the required number of governments had ratified the treaties creating the two organizations, and by the summer of 1946 they had begun operation.

Bibliography

See studies by E. Conway (2015) and E. Rauchway (2015).

References in periodicals archive ?
The effort begun in 1944 with the Bretton Woods conference dealt with a relatively simple world.
Less than four weeks after Allied forces landed at Normandy on June 6, 1944, the Bretton Woods conference was convened.
Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.
At the 1944 Bretton Woods conference, America's agenda prevailed in designing the new world economic order, including the establishment of the International Monetary Fund.
Rather than handing institutions such as the World Bank and the International Monetary Fund more power, we need a new Bretton Woods conference to make them democratically accountable and less ideological.
The World Bank and the International Monetary Fund (IMF) were set up as a result of the Bretton Woods conference in 1944 to promote economic devel- opment and international cooperation in the aftermath of the Second World War.
The World Bank and the International Monetary Fund (IMF) were set up as a result of the Bretton Woods conference in 1944 to promote economic development and international cooperation in the aftermath of the Second World War.
The 1944 Bretton Woods conference marked another swing back toward the market, but this time allowed for some degree of national autonomy.
Follow the bankers' progression from the Bretton Woods Conference of 1944 through to the present, and the situation will become clear to all.
The Bretton Woods conference led to the setting up of IMF, World Bank.
The Bretton Woods Conference of 1944 was a milestone in modern history.