The Bretton Woods System failed in 1971 due to:

Question

Quizplus · Accepted Answer

All of the reasons given contributed to the failure of the Bretton Woods System. Inflation in the U.S. led to a loss of confidence in the U.S. dollar as a reserve currency, and the greater mobility of capital made it easier for investors to move their money out of countries with weak currencies. Additionally, participating countries began to desire more independent monetary policies, which was not possible under the fixed exchange rates set by Bretton Woods.

The Bretton Woods System Failed in 1971 Due To