What Happened at Bretton Woods?

75 years ago, from July 1 to 22, 1944, representatives from 44 nations met in the Mount Washington Hotel in Bretton Woods, New Hampshire, to design what later became known as the “Bretton Woods System”. The “Articles of Agreement” of this conference established the World Bank and the International Monetary Fund and proposed an international monetary system based on fixed but adjustable exchange rates with the US-dollar as its center…