In an effort to prevent another global depression, world leaders at the Bretton Woods conference in 1944 agreed to a ________.

Question

Quizplus · Accepted Answer

The Bretton Woods conference led to the establishment of a fixed exchange rate system where currencies were pegged to the U.S. dollar, which was in turn convertible to gold at a fixed rate, marking a significant step in international financial cooperation.

In an Effort to Prevent Another Global Depression, World Leaders