The Bretton Woods Agreement
The 1944 Bretton Woods agreement established a new global monetary system. It replaced the gold standard with the U.S. dollar as the global currency. By so doing, it established America as the dominant power in the world economy. After the agreement was signed, America was the only country with the ability to print dollars. The agreement created the World Bank and the International Monetary Fund. These U.S.-backed organizations would monitor the new system.
Everyone is invited to join us as University of New Hampshire History Professor and Department Chair Kurk Dorsey, presents the story of the Bretton Woods Agreement, Monday, Jan. 27 at 6:30 p.m. in Taylor Community’s Woodside Building. This is a free event.Posted in: Events, News