Asked by Nihad Sharifov on Jul 19, 2024
Verified
The Bretton Woods conference created the framework for what?
A) the postwar capitalist economic system
B) successfully dismantling the gold standard
C) foreign diplomacy
D) the abolition of free international trade
E) the creation of the United Nations
Bretton Woods Conference
A meeting held in 1944 where allied nations agreed on a series of financial and monetary arrangements, leading to the establishment of the International Monetary Fund and the World Bank.
Postwar Capitalist
Refers to the economic system and practices in place in the period following a major war, often characterized by rapid industrial growth and development.
Economic System
The organized way in which a country allocates resources and apportions goods and services in the national community.
- Gain an understanding of the progress in international affairs and financial systems created at the Bretton Woods conference and through the inception of the United Nations.
Verified Answer
Learning Objectives
- Gain an understanding of the progress in international affairs and financial systems created at the Bretton Woods conference and through the inception of the United Nations.
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