Bretton Woods. At the Bretton Woods Conference in 1944, two
proposals were made to manage international payment imbalances.
What were these two plans? How were they supposed to work? What was
the primary difference between them? Which plan ultimately
prevailed (and why)?
As a result of the Bretton Woods system, what happened with the
exchange rates? Was it fixed? Was it floating? (10p)
Why did the Bretton Woods system collapse?
Would be such a system feasible nowadays?
Under the Bretton Woods Agreement, the goal of the IMF was
to
A.
lend to countries experiencing balance of payment deficits.
B.
help less developed countries advertise their goods in the
developed countries.
C.
finance international transactions in gold.
D.
provide oversight to the functioning of central banks in the
member countries.
The International Monetary Fund was created
A.
in 1945 by the Bretton Woods Agreement.
B.
in 1971 when President Richard Nixon signed the Bretton Woods
Agreement.
C.
to collect money from member countries that were running balance
of payments deficits.
D.
in the aftermath of World War II to help nations move off of the
gold standard.