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englisch artikel (Interpretation und charakterisierung)

Bretton woods agreement



In a few years the US made a strategy how to stem Communism. One way was to have a closed agreement to global matters of international money and finance. Such an agreement with 44 Nations took place in Bretton Woods in 1944.
"The Conference has agreed on the problems needing attention, the measures which should be taken, and the forms of international cooperation or organization which are required. The agreements reached on these large and complex matters are without precedent in the history of international economic relations."
To stabilise the economy after II world war they made a fixed exchange rate for the Dollar and Gold parity. The UNO founded Institutions as steering elements: The International Monetary Fund in Washington is a permanent international body that nations represent and establish. Also they founded the international Bank for Reconstruction and Development. The idea, "Programs of reconstruction and development will speed economic progress everywhere, will aid political stability and foster peace." So obviously you can see here the personal expansion of America.
Under the UNO the General Agreement on Tariffs and Trade (GATT) was built. The agreement was designed to encourage international free trade between the member states; a mechanism for regulating and reducing tariffs on traded goods.
Through the financial alliance the foreign politicians attempted foster world freedom. Another positive effect is that through the open trade the economy of America and Western countries would grow.

 
 

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