The period of 1860 to 1914,called the Bretton Woods era,saw a great expansion of international trade in goods and services.

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The Bretton Woods era refers to the period between 1944 and 1971 when an agreement was reached among major countries to establish a fixed exchange rate system. The period from 1860 to 1914, on the other hand, is known as the first era of globalization, which saw significant growth in international trade, but was not referred to as the Bretton Woods era.

The Period of 1860 to 1914,called the Bretton Woods Era,saw