After World War II,the United States and Western Europe:

Question

Quizplus · Accepted Answer

The United States and Western Europe collaborated in implementing the Bretton Woods System, which established a fixed exchange rate system based on the US dollar and created institutions such as the International Monetary Fund and the World Bank. The other options are incorrect: A is false as the US and Europe actually sought to lower tariffs and increase trade; B is referring to the current European Union, which was not established until 1993; C is referring to the Soviet-led military alliance which was in opposition to the US and Europe; and D is referring to the gold standard-based currency system that was abandoned in 1971 due to economic instability.