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Bretton Woods  

Definition

  • The Bretton Woods Agreement of July 1944 laid the foundations for the system of international economic management after World War II. The core of this new regime was based on a series of fixed exchange rates tied to the U.S. dollar and supported by a set of institutions and rules for maintaining financial order. These arrangements helped provide renewed stability and economic growth during the postwar period. [Source: Encyclopedia of Governance; Bretton Woods]

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https://concepts.sagepub.com/social-science/concept/Bretton_Woods

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