What did the classic gold standard era and the Bretton Woods System have in common?

Question

Quizplus · Accepted Answer

Both the classic gold standard and the Bretton Woods System required cooperation among the world's major powers to maintain stability in the system. Under the gold standard, this was achieved through the commitment to convertibility of currencies into gold. Under Bretton Woods, the US dollar was pegged to gold and other countries' currencies were then pegged to the US dollar. Both systems were dependent on the cooperation of major powers to prevent currency crises and maintain stability.

What Did the Classic Gold Standard Era and the Bretton