wat is bretton woods agreement in simple words????

Dear Student,
Answer to your question is as follows :

The Bretton Woods Agreement was finalised in July 1944 at Bretton Woods in New Hampshire, USA. It established the International Monetary Fund and the World Bank to preserve global economic stability and full employment in the industrial world. These institutions also dealt with external surpluses and deficits of member nations, and financed post-war reconstructions. 

Regards

  • 13
What are you looking for?