Bretton Woods Agreement

Bretton Woods Agreement definition - business

Bretton Woods Agreement

The 1944 accord that established a postwar international monetary system of convertible currencies, fixed currency exchange rates, and free trade. The New Hampshire meeting that was designed to provide economic aid for postwar Europe also established the International Monetary Fund and the World Bank.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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