Researched
Bretton Woods, IMF, World Bank
Allied nations agree a post-war monetary order and found the IMF and the World Bank (1944).
Open in the interactive tree →At Bretton Woods, New Hampshire, currencies were pegged to the dollar, which was convertible to gold until the US ended convertibility in 1971. The IMF and World Bank remain central lenders, and the meeting set the pattern of negotiated global economic rules.
Prerequisites
- Money~600 BC
- Central Bank & State Currency1694
- Economics1776
Unlocks
- European Integration1951
- Global CoordinationopenIMF and World Bank are the standing bodies of global economic coordination