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Bretton Woods Agreement |
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Bretton Woods Agreement An agreement made in Bretton Woods, United States, in 1944. It set fixed exchange rates for major currencies and subsequently established the IMF. Notes: This agreement governed currency relationships until the early 1970s when a floating exchange rate system was adopted.Bretton Woods Agreement An agreement signed by the original United Nations members in 1944 that established the International Monetary Fund (IMF) and the post-World War II international monetary system of fixed exchange rates. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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He took us to two ideas with irreversible consequences--the Marshall Plan and the Breton Woods monetary agreement. |
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