IF 0 U N DA T I 0 N S O F E C O N O MI CE
I {G L O B A L C 2 AT 1 ONE Beginning of part 3
The Bretton Woods Agreement :
•
As the second World War dragged on ,
the democratic allied countries, led by the US, became
concerned about rebuilding the global economy after the war .
•
In 1944 ,
delegates from 44 allied countries met in the US at Bretton on Woods New, Hampshire ,
to discuss the postwar economic order The . end result was the signing of the Bretton Woods Agreement .
•
This agreement established a
system of rules ,
institutions , and procedures for
,
the postwar global
economy .
•
The Bretton Woods Agreement effectively established a new international monetary system -
a
global network of institutions to promote international trade and the regulation of currency ( money)
among Western countries .
•
The Bretton Woods Agreement of 1944 was one of the foundations of economic globalization
as it created the World Bank the International , Monetary Fund, and a
system of international trade
for the world 's major industrial countries .
•
The 44 countries at that conference sought Original Aims :
to build framework for cooperation promote international monetary cooperation;
•
a economic
to avoid a repetition of the factors that had •
facilitate the expansion and balanced growth ;
contributed to the Great Depression of the promote exchange stability;
•
1930s .
•
assist in the establishment of a multilateral
system of payments
•
make resources available ( w/ adequate safeguards)
to members
experiencing balance of payments
difficulties
The IMF ( International Monetary Fund) :
•
The International Monetary Fund (IMF) is an organization of 189 countries working to foster
,
global monetary cooperation , secure financial stability ,
facilitate international trade , promote high
employment and sustainable economic growth and reduce poverty
,
around the world .
•
Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near
global membership .
I {G L O B A L C 2 AT 1 ONE Beginning of part 3
The Bretton Woods Agreement :
•
As the second World War dragged on ,
the democratic allied countries, led by the US, became
concerned about rebuilding the global economy after the war .
•
In 1944 ,
delegates from 44 allied countries met in the US at Bretton on Woods New, Hampshire ,
to discuss the postwar economic order The . end result was the signing of the Bretton Woods Agreement .
•
This agreement established a
system of rules ,
institutions , and procedures for
,
the postwar global
economy .
•
The Bretton Woods Agreement effectively established a new international monetary system -
a
global network of institutions to promote international trade and the regulation of currency ( money)
among Western countries .
•
The Bretton Woods Agreement of 1944 was one of the foundations of economic globalization
as it created the World Bank the International , Monetary Fund, and a
system of international trade
for the world 's major industrial countries .
•
The 44 countries at that conference sought Original Aims :
to build framework for cooperation promote international monetary cooperation;
•
a economic
to avoid a repetition of the factors that had •
facilitate the expansion and balanced growth ;
contributed to the Great Depression of the promote exchange stability;
•
1930s .
•
assist in the establishment of a multilateral
system of payments
•
make resources available ( w/ adequate safeguards)
to members
experiencing balance of payments
difficulties
The IMF ( International Monetary Fund) :
•
The International Monetary Fund (IMF) is an organization of 189 countries working to foster
,
global monetary cooperation , secure financial stability ,
facilitate international trade , promote high
employment and sustainable economic growth and reduce poverty
,
around the world .
•
Created in 1945, the IMF is governed by and accountable to the 189 countries that make up its near
global membership .
