The 1944 conference in Bretton Woods contributed what to post-war stability?
A)The United States and the Soviet Union agreed to divide Germany after the war.
B)Participants agreed to peg their currency to the U.S.dollar and contribute to an International Monetary Fund.
C)Participants agreed on the de-Nazification of Germany before German independence.
D)Participants agreed to the creation of the United Nations.
E)The United States and the United Kingdom agreed to a policy of containment against communism.

Question

Quizplus · Accepted Answer

The Bretton Woods conference established a system of fixed exchange rates, pegging all currencies to the U.S. dollar, which was in turn pegged to the price of gold. This system helped to promote international trade and investment by providing a stable currency exchange environment. The conference also established the International Monetary Fund, which was created to promote international economic cooperation and to provide loans to countries facing balance of payment problems.

The 1944 Conference in Bretton Woods Contributed What to Post-War