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

Name: The ________ system of currency exchange rates was set up in 1944.
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The Bretton Woods system of currency exchange rates was established in 1944 at a meeting of Allied countries in Bretton Woods, New Hampshire. It established fixed exchange rates with the US dollar as the standard currency, which was backed by gold. However, it collapsed in 1971 when the US dollar was no longer backed by gold.

The ________ System of Currency Exchange Rates Was Set Up