Choose the correct statement as true/false:

The main aim of the Post-War International Economic System was to preserve economic stability and peace globally.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The above statement is false.
In July 1944, the United Nations Monetary and Financial Conference made decisions regarding its entire organisation at Bretton Woods in New Hampshire, USA. The Bretton Woods Conference established the International Monetary Fund (IMF) to address its member nations' external surpluses and deficits. In addition, the International Bank for Reconstruction and Development (commonly referred to as the World Bank) was founded to offer money for post-war reconstruction. The IMF and the World Bank are the Bretton Woods institutions, also referred to as the Bretton Woods twins. Hence the correct statement would be, The main aim of the Post-War International Economic System was not to preserve economic stability and peace globally.

Watch 3-min video & get full concept clarity