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Mount Washington Hotel. The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 allied nations at the Mount Washington Hotel, in Bretton Woods, New Hampshire, United States, to regulate what would be the international monetary and financial order after the conclusion of World War II.
The planners at Bretton Woods hoped to avoid a repetition of the Treaty of Versailles after World War I, which had created enough economic and political tension to lead to WWII. After World War I, Britain owed the U.S. substantial sums, which Britain could not repay because it had used the funds to support allies such as France during the War ...
In 1944, representatives from 44 nations met in Bretton Woods, New Hampshire, to develop a new international monetary system that came to be known as the Bretton Woods system. Conference attendees had hoped that this new system would "ensure exchange rate stability, prevent competitive devaluations, and promote economic growth". [ 5 ]
The Bretton Woods Agreements Act 1945 (9 & 10 Geo. 6. c. c. 19) was an Act of the Parliament of the United Kingdom that ensured UK government funding for the International Monetary Fund , and the World Bank as part of the United Nations from the Consolidated Fund .
1943 – Treaty between the United States and China for the Relinquishment of Extraterritorial Rights in China – relinquishes extraterritorial rights granted to the United States in China under the Treaty of Wanghia. 1944 – Bretton Woods Agreement – establishes the rules for commercial and financial relations among the major industrial states
Bretton Woods was attended by representatives of finance ministries and not by representatives of trade ministries, the proposed reason why a trade agreement was not negotiated at that time. [ 2 ] In early December 1945, the United States invited its wartime allies to enter into negotiations to conclude a multilateral agreement for the ...
The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order is a 2013 non-fiction book by Dr. Benn Steil. [2]It covers the 1944 conference that established the architecture of the postwar international monetary system, leading to the establishment of the International Monetary Fund and the World Bank, the substance of the negotiations, and ...
Bretton Woods Conference: Bretton Woods United States: July 1 – 15, 1944 Representatives of 44 nations Establishes International Monetary Fund and International Bank for Reconstruction and Development. Dumbarton Oaks Conference: Washington, D.C. United States: August 21 – 29, 1944 Cadogan, Gromyko, Stettinius, and Koo