The Bretton Woods system introduced again the gold commonplace and cemented the U.S. greenback because the de facto foreign money of commerce.

What Was the Bretton Woods System?

Bretton Woods was a world financial system that emerged after the top of World Conflict II. To cope with a postwar world economic system, a hard and fast alternate fee regime was established by which the U.S. greenback was pegged to the value of gold.

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