Bretton Woods, 1944

Town of Bretton Woods

Allied Nations

Origins

 

  • Fixed gold exchange rates

  • Concentration of power

  • Treaty of Versailles

  • Failure after World Wars

Context & Policy

1933-38: New Deal

1939-1945: World War II

1929-1939: Great Depression

1940-1944: Years of Wealth and Production

Common cause of winning the War

New capital equipment

65% Increase of GDP in 5 years -> Strong Economy

Monetary order in a post war world

The creation of a new monetary system to be used around the globe. Focus on macro aspects (Country debt, exchange rates, etc.)

European Reconstruction

The reconstruction of the European Economy, and salient problems of the start of the end of war. Focus on micro aspects (Refugees, Welfare, Reconstruction of specific countries)

John M. Keynes

Harry D. White

Monetary order in a Post-War World

Bretton Woods, 1944

By Matias Lopez-Therese

Bretton Woods, 1944

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