The Bretton Woods agreement established a global currency system.

Name: The Bretton Woods agreement established a global currency system.
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The Bretton Woods agreement, signed in 1944, established a global currency system based on the US dollar being pegged to gold and other countries’ currencies being pegged to the US dollar. The system remained in place until 1971 when the US suspended the convertibility of dollars into gold, effectively ending the Bretton Woods system.

The Bretton Woods Agreement Established a Global Currency System