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Bretton Woods System
- kesor 5y agoThe chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained its external exchange rates within 1 percent by tying its currency to gold and the ability of the International Monetary Fund (IMF) to bridge temporary imbalances of payments.
- david927 5y agoMuch more interesting to us today is when that came to an end with the Nixon Shock. https://en.wikipedia.org/wiki/Nixon_shock https://en.wikipedia.org/wiki/Nixon_shock https://wtfhappenedin1971.com https://wtfhappenedin1971.com https://img.take-profit.org/graphs/indicators/money-supply-m0/money-supply-m0-united-states.png https://img.take-profit.org/graphs/indicators/money-supply-m...