Bretton-Woods System(1944-1971)

Anurag Educational Academy

This video contain questions and their answers on the basis of UGC NET/JRF (Economics) Syllabus as well as brief discussion about the following important topics:

👉Bretton-Woods System(1944-1971)
     ✔For:
1. Global Economic Stability
2. Promote International Economic Cooperation   

     ✔United Nation Monetary and Finance Conference

     ✔Bretton-Woods Agreement

      ✔constitutes two institutions

1. International Banks For Reconstruction and Development(IBRD) OR well known WORLD BANK:For Post war construction like, Poverty alleviation.....

2. International Monetary Fund(IMF):For Economic Growth of developing countries(To deal with external surplus and Deficit of its members)

  ✔Work in Force:1947

👉Bretton-Woods System was based on "Fixed Exchange Rates"

👉U.S. Dollar has made principal currency and pegged with gold and linked with other currencies.

👉Collapse:15 August 1971

👉U.S. came out from Fixed Exchange Rates to Floating or Flexible Exchange Rates and U.S. Dollars convert in to Fiat currency.....


Playlist Link: "Only 10 Question"Series




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Anurag Educational Academy