What was the Bretton Wood system?

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Post-war military system

Post-war political system

The post-war international economic system

None of the above

answer is C.

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Detailed Solution

The Bretton Wood system was the post-war international economic system. Bretton Woods created the standards for post-war international economic and financial ties between the world's leading industrial nations. The United Nations Monetary and Financial Conference, held in Bretton Woods, New Hampshire, while World War II was still raging, brought together 730 representatives from all 44 Allied nations to restore the world economic system. Thus in July 1944, the Bretton Woods Agreements were debated and signed. The requirement was that each country maintains a monetary strategy that kept its currency's exchange rate steady. The establishment of the IMF and the World Bank were the most significant aspects of the Bretton Woods arrangement.

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