The Bretton Woods Agreements

Very few events, in the development of the world economy, have had this kind of impact than the Bretton Woods Agreements. The Yalta Conference was to the political scene, what these agreements, were to the economic scene, they had to become the pillars to settle the reconstruction of the new world order which was under the devastating effects of the Second World War. A war created these agreements, but another war put an end to them, 27 years later. From the Bretton Woods Agreements, The International Monetary Fund and the World Bank were born. The Genesis of the Bretton Woods Agreements [...]