Select which definition best describes the Bretton Woods System.
A) an economic order among industrialized nations after World War Two, providing for lower barriers to trade and investment while safeguarding the ability of member states to manage their economies even at the expense of international economic activity
B) international economic system that would disincentivize countries managing their own economies while simultaneously avoiding the protectionism and anti-free trade policies of the 1930s
C) an economic order among mostly Western industrialized nations after World War Two, providing for lower barriers to trade and investment while safeguarding the ability of member states to manage their economies even at the expense of international economic activity
D) economic policies based on the Keynesian notion that during bad times, governments should increase spending and keep interest rates low in order to keep the economy moving

Question

Quizplus · Accepted Answer

The Bretton Woods System was established after World War Two among Western industrialized nations to create a framework for economic cooperation. This system aimed to lower trade barriers and allow countries to manage their economies, balancing national autonomy with international economic activity.

Select Which Definition Best Describes the Bretton Woods System