Wot was bretton woods conference all abt?
The conference was held from 1-22 July 1944, when the agreements were signed to set up the International Bank for Reconstruction and Development (IBRD), the General Agreement on Tariffs and Trade (GATT), and the International Monetary Fund (IMF).
As a result of the conference, the Bretton Woods system of exchange rate management was set up, which remained in place until the early 1970s.
of programs for reconstruction and development.
The main terms of this agreement were:
Formation of the IMF and the IBRD (presently part of the World Bank).
Adjustably pegged foreign exchange market rate system: The exchange rates were fixed, with the provision of ...more