Bretton Woods required less in the way of cooperation among countries than did the gold standard.

Question

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The Bretton Woods system required more cooperation among countries, as it established fixed exchange rates between currencies and required countries to maintain their exchange rates within a narrow margin. Countries also had to coordinate their monetary policies and participate in an International Monetary Fund to assist with balance of payments problems. In contrast, the gold standard allowed for more unilateral actions by individual countries to control their own currencies and gold reserves.

Bretton Woods Required Less in the Way of Cooperation Among