Question

When was the Bretton Woods conference convened ? State the main aim of the conference.
                                           OR
Describe the Bretton Woods Agreement.

Answer 1

(i) The Bretton Wood Conference was convened in July 1944 at Bretton Woods in New Hampshire, U.S.A.
(ii) Its main aim was to preserve economic stability and full employment in the industrial world.
(iii) The conference established International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (World Bank).