The Bretton Woods agreement gave a big boost to world trade between 1950 to ____.

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Detailed Solution

Between 1950 and 1970, the Bretton Woods Agreement significantly increased international trade.
For Japan and the Western industrialised countries, the Bretton Woods system marked the beginning of an era of unprecedented increases in commerce and income. Between 1950 and 1970, global trade increased by over 8% annually, while global income increased by about 5%. Without significant fluctuations, the increase was also largely stable. In most industrialised nations, the unemployment rate, for instance, averaged less than 5% over a significant portion of this time. The globalisation of business and technology occurred over these decades as well.

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