Following were the features of Bretton Woods Agreement:
(i) Bretton Woods agreement was signed among the world powers in 1944.
(ii) This agreement established IMF and World Bank to preserve economic stability in the world.
(iii) Decision making in Bretton Woods Institutions was controlled by the Western Industrial powers.
(iv) National currencies followed the fixed exchange rates.
(v) It led to an era of unprecedented growth of trade and incomes.
