The Bretton Woods Agreement was a new dollar-based monetary system, which did away with all the provisions of the gold standard.

Name: The Bretton Woods Agreement was a new dollar-based monetary system, which did away with all the provisions of the gold standard.
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The Bretton Woods Agreement established a fixed exchange rate system where currencies were pegged to the U.S. dollar, which was convertible to gold at a fixed rate, thus not completely doing away with gold standard principles.

The Bretton Woods Agreement Was a New Dollar-Based Monetary System