The ________ system of currency exchange was set up in 1944.

Name: The ________ system of currency exchange was set up in 1944.
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The Bretton Woods system was established in 1944 at a summit in Bretton Woods, New Hampshire. This system fixed exchange rates to the US dollar, which was backed by gold reserves. It lasted until 1971 when the US suspended the convertibility of the dollar into gold, leading to the collapse of the system.

The ________ System of Currency Exchange Was Set Up in 1944