The Bretton-Woods Conference. June 1944. Founders. Harry Dexter White - Chief International Economist at the U.S. Treasury John Maynard Keynes – U. K. Treasury Advisor. 44 Delegate Nations. Australia India Belgium Iran
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The Bretton-Woods Conference
Harry Dexter White -Chief International Economist at the U.S. Treasury
John Maynard Keynes – U. K. Treasury Advisor
Colombia New Zealand
Costa Rica Nicaragua
Dominican Republic Paraguay
El Salvador Poland
Ethiopia Union of South Africa
France Union of Soviet Socialist Republics (USSR)
Greece United Kingdom
Guatemala United States
(focus on IMF)
These policies adopted after WWI created an unstable international environment
Bretton-Woods goal: sustainable peace and
prosperity through economic cooperation
1) Restrained monetary expansion
a) Loss of international reserves by foreign banks meant banks would be unable to maintain the fixed dollar exchange rate.
b) U.S. obligation to redeem foreign accumulation of dollars for gold restricted U.S. monetary growth.