Choose the given statement that is true/false:

Economic instability and unemployment were the main aim of the post-war international economic system in the world?

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True

False

answer is B.

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Detailed Solution

The above statement is false.
The main goal of the post-war international economic system was to maintain industrial world economic stability and full employment. Its structure was established at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire, in July 1944. The International Monetary Fund (IMF) was founded at the Bretton Woods Conference to deal with its member countries' external surpluses and deficits. The International Bank for Reconstruction and Development (often referred to as the World Bank) was established to assist postwar reconstruction. The Bretton Woods institutions, sometimes known as the Bretton Woods twins, are the International Monetary Fund and the World Bank.
The correct statement would be Economic instability and unemployment were the world's main aims of the post-war international economic system.

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