โ Explanationโก Quick ReadAdvancedGovernment & Fiscal Policy โบ Fiscal Policy
Bretton Woods: The Meeting That Made the Dollar King
In July 1944, representatives from 44 nations gathered in Bretton Woods, New Hampshire, to construct a new global financial architecture. This article details the historical negotiation between John Maynard Keynes and Harry Dexter White, the pegging of currencies to a gold-backed U.S. dollar at $35 an ounce, and the lasting legacy of dollar dominance following the 1971 Nixon Shock.
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