The objectives of the Bretton Woods system were to
A) fight communism and enrich the United States.
B) promote free trade and increase global wealth.
C) rebuild Europe and democratize the developing world.
D) ensure continued U.S. presence in Asia and expand global capitalism.

Question

Quizplus · Accepted Answer

The Bretton Woods system was established after World War II with the aim of promoting free trade and increasing global wealth by creating a stable international monetary system. It was seen as a way to prevent the economic instability that had led to the Great Depression and World War II. The system was specifically designed to avoid the competitive devaluations and protectionism that had characterized the interwar years, and to facilitate the growth of international trade and investment. While the United States did benefit from the system, its primary objective was to create a stable international economic order that would benefit all countries.

The Objectives of the Bretton Woods System Were to