[onisac]

Bretton Woods Agreement and System

KEY TAKEAWAYS

• The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s.
  
• The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
  
• The Bretton Woods System collapsed in the 1970s but created a lasting influence on international currency exchange and trade through its development of the IMF and World Bank.
  

https://www.investopedia.com/terms/b/bre...of%20gold.