The Bretton Woods Conference, formally the United Nations Monetary and Financial Conference, brought delegates from forty-four Allied nations to Bretton Woods, New Hampshire in July 1944 to design the postwar international economic order. Its two chief architects were John Maynard Keynes, advising the British Treasury, and Harry Dexter White of the United States Treasury. The conference created the International Monetary Fund, charged with overseeing a system of fixed exchange rates centered on the US dollar and gold, and the International Bank for Reconstruction and Development, later known as the World Bank, to finance the reconstruction of war-damaged economies and the development of poorer ones. The US Congress authorized American participation through the Bretton Woods Agreements Act in July 1945, and both institutions began operating before the end of that year.
Facts
LocationBretton Woods, New Hampshire, United States 1 Connections
Founded
Source Bretton Woods Conference (Office of the Historian)
Source Bretton Woods Conference (Office of the Historian)
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1. Bretton Woods Conference (Office of the Historian)
U.S. Department of State, Office of the HistorianBretton Woods-GATT, 1941-1947 section, paragraph on the conference's accomplishments
The two major accomplishments of the Bretton Woods conference were the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), commonly known as the World Bank.
Historical Documents, para. 3
a gathering of delegates from 44 nations that met in Bretton Woods, New Hampshire
In Group: Conferences and Tribunals of the Postwar International Order, Opening paragraph
The result was the creation of the International Monetary Fund and the World Bank at the July 1944 Bretton Woods Conference
View the Source 2. Bretton Woods Conference (Wikipedia)
The Agreements section, conference dates
The United Nations Monetary and Financial Conference held at Bretton Woods, New Hampshire, on 1-22 July 1944
The Agreements section, year of the conference
The United Nations Monetary and Financial Conference held at Bretton Woods, New Hampshire, on 1-22 July 1944
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