Bretton Woods Conference
Also found in: Dictionary, Wikipedia.
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.
..... Click the link for more information. , 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
..... Click the link for more information. . 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.
See studies by E. Conway (2015) and E. Rauchway (2015).