The Bretton Woods system tied the value of the currencies of all other countries to the U.S.dollar rather than directly to gold.

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The Bretton Woods system established rules for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan after World War II. It pegged other currencies to the U.S. dollar, which was convertible to gold at a fixed rate, effectively making the U.S. dollar the world's primary reserve currency indirectly tied to gold.

The Bretton Woods System Tied the Value of the Currencies