Answer to Question #243426 in English for Henry

Question

1.Give 3 reasons regarding why the USA became the main character of the Bretton Woods System, and briefly explain.

2.Give an international bank and identify its goal that may help the improvement of the global economy. 

Answer 1

1.      - The US wanted the dollar to become the main international currency and in turn enhance its popularity.

-         To differentiate between the dollar and gold as a way of stabilizing the dollar.

-         To ensure that the dollar would be difficult to devalue because it served to countries and international businesses.

2.      African Development Bank: it provides huge loans to countries for infrastructure development