What is the Bretton Woods system?

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Post-war military system

Post-war political system

Post-war international economic system

None of these

answer is C.

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Detailed Solution

The Bretton Woods system is connected to the international post-war economic system.
Under the agreement, countries have promised that their major banks will keep the transaction prices between their currencies and the dollar constant. The Bretton Woods financial management system established rules for trade and financial relations between the United States, Canada, Western European countries, Australia, and Japan following the 1944 Bretton Woods Agreement during the Second World War. This happened in Bretton Woods, New Hampshire. Under the agreement, countries have promised that their major banks will keep the transaction prices between their currencies and the dollar constant.

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