4 ms·
Bretton Woods was financially damaging to the US economy, not beneficial. That's why we ended it. Bretton Woods was set up to help repair Europe by subsidizing
by mlindner 4y ago
Bretton Woods was financially damaging to the US economy, not beneficial. That's why we ended it. Bretton Woods was set up to help repair Europe by subsidizing it with US market access. Further the safety of the world's oceans were also subsidized by US Navy protection.
The entire point was to create a system to defend against the Soviets effectively by bribery via the US economy.