The Bretton Woods Agreement established a higher level of economic stability by having a formal set of rules, regulations, and guidelines for decision making.

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The Bretton Woods Agreement, established in 1944, created a new international monetary system that set up rules, regulations, and procedures for the major economies of the world, aiming to ensure economic stability and prevent competitive devaluations of currencies, thus fostering a stable environment for global economic growth.

The Bretton Woods Agreement Established a Higher Level of Economic