In July, 1944 at Bretton Woods in New Hampshire, USA, ____ and World Bank were set up to finance post-war reconstruction and preserve economic stability and full economic stability in the industrial world.

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

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

In July, 1944, at Bretton Woods in New Hampshire, USA, IMF and World Bank were set up to finance post-war reconstruction and preserve economic stability and full economic stability in the industrial world.
The fundamental goals of the post-World War II international economic system in the industrialised world were to maintain full employment and economic stability. The Bretton Woods institutions, often known as the World Bank and the International Monetary Fund (IMF), are occasionally mentioned. The United Nations Monetary and Financial Conference reached a framework in Bretton Woods, New Hampshire (USA), in July 1944. The post-war international economic system is another name for the Bretton Woods system. In 1947, the World Bank and the IMF began conducting financial transactions. The decision-making in these institutions is under the influence of Western industrial giants.

Watch 3-min video & get full concept clarity