The Bretton Woods system was the international monetary order agreed by delegates from forty-four Allied nations at a conference in Bretton Woods, New Hampshire, in July 1944, while the Second World War was still being fought. Its architects, notably the British economist John Maynard Keynes and the American official Harry Dexter White, wanted to avoid the currency chaos of the interwar years. Member currencies were pegged to the US dollar, which was convertible into gold at a fixed price, and the conference created the International Monetary Fund and the International Bank for Reconstruction and Development. The system lasted until 1971, when President Richard Nixon suspended the dollar's convertibility into gold.
Before and after
- from 22 June 1944 to 29 August 1944Operation Bagration
- from 25 June 1944 to 1 July 1944Operation Martlet
- 4 July 1944Founding of World Bank Group
- 20 July 194420 July plot
- 22 July 1944Bretton Woods system
- from 22 July 1944 to 31 December 1989Polish People's Republic
- 22 July 1944Founding of International Monetary Fund
- from 24 July 1944 to 1 August 1944Battle of Tinian
- 31 July 1944Death of Antoine de Saint-Exupéry
More in Wars, politics & history
- from 7 November 1917 to 25 October 1922Russian Civil War
- 23 August 1939Molotov–Ribbentrop Pact
- from 30 November 1939 to 13 March 1940Winter War
- from 22 June 1941 to 7 May 1945Eastern Front
- from 22 June 1941 to 5 December 1941Operation Barbarossa
- 7 December 1941Attack on Pearl Harbor
The era
This moment belongs to the Modern era (1914 CE to 1945 CE), world wars and a changing world. You can also browse everything in the 20th century.