Bretton Woods, 1944
Town of Bretton Woods
Allied Nations
Origins
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Fixed gold exchange rates
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Concentration of power
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Treaty of Versailles
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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
