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I don't see how Bretton Woods has anything to do with this. Contrary to what goldbugs to believe, there was no real desire for anyone to return to a proper gold
by Aunche 5y ago
I don't see how Bretton Woods has anything to do with this. Contrary to what goldbugs to believe, there was no real desire for anyone to return to a proper gold standard post-depression. Rather, Bretton Woods was a scheme to for the US to profit off the rebuild after WWII, which was why only governments could participate. Europe and Japan were desperate for dollars, so they were initially happy to exchange real gold for freshly printed dollars even though they recognized this was unfair. After they tried to exchange their dollars back into gold in large quantities, the US ended Bretton Woods.