Bretton Woods
Bretton Woods : Refers to the post-World War II system of international trade and finance. It saw the establishment of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development, popularly known as the World Bank. Together with the General Agreement on Tariffs and Trade (GATT) which was established by the LW, it formed the system which was intended to stabilize the international economy under liberal economic policy goals. It is named for the place in New Hampshire, US where the original agreement was struck
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