What were the objectives of Bretten woods system?

  • Soon USA UU he noted that, because of the dollar’s leadership status, they could print as many bills as they wanted, and make abundant use of that privilege, falling into a deficit in their economic performance. That means they consume more than they produce. To that the War of Vietnam is added, that causes a step-by-step increase in its budget. Since the exchange rate of $ 35 an ounce, the French president, Charles de Gaulle, refuses to continue paying the costs of war of EE. UU and begins to change the reserves in dollars of France for gold in 1965, and even orders to bring the gold to Paris in submarine.
  • On August 15, 1971, US President Richard Nixon ended the union of the dollar with gold. After that, the central banks of the West have tried by all means to keep the Bretten woods system alive.

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  1. 2018

    […] What were the objectives of Bretten woods system? IGNOUASSIGNMENTGURU […]

  2. 2018

    […] b) What were the objectives of Bretten woods system? (10,10) CLICK HERE TO GET ANSWER […]

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