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| Topic: |
History
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| Number of pages / Number of words: |
7 / 1955 |
Essay's paper body
This came about because of The Bretton Woods Conference of 1944. This conference was held in July of 1944, at Bretton Woods, New Hampshire. The conference was attended by the leading nations of the allied world with the exception of Soviet Russia. The purpose of the conference was to address the problems of foreign exchange...
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The purpose of the conference was to address the problems of foreign exchange. An agreement intended to stabilize international exchange was reached. This agreement, formally known as the Bretton Woods agreement, established international standards for official foreign exchange. By this agreement, the American dollar became the key currency for international exchange...
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