Answer to Question #242136 in English for John

Question

Identify and briefly explain three additional reasons why the United States became the main character of the Bretton Woods System.

Answer 1

1. Identify and briefly explain three

 additional reasons why the United

 States became the main character of the Bretton Woods System.

• The Bretton Woods Agreement and System created a collective international currency exchange regime that lasted from the mid-1940s to the early 1970s.
• The Bretton Woods System required a currency peg to the U.S. dollar which was in turn pegged to the price of gold.
• The Bretton Woods System collapsed in the 1970s but created a lasting influence on international currency exchange and trade through its development of the IMF and World Bank.