Political Science · International Relations
The Bretton Woods Agreement and system created a collective international currency exchange regime that lasted from:
AThe mid-1940s to the early 1970s ✓ Correct
BThe mid-1950s to the early 1970s
CThe mid-1930s to the early 1940s
DThe mid-1940s to the early 1950s
Correct answer: (A) The mid-1940s to the early 1970s — The Bretton Woods system lasted from the mid-1940s to the early 1970s, so the answer is that option.
Explanation
★The Bretton Woods system lasted from the mid-1940s to the early 1970s, so the answer is that option.
★It was set up at the Bretton Woods conference of 1944.
★It fixed exchange rates and tied the dollar to gold.
★It created the IMF and the World Bank.
★It broke down in 1971 when the US ended dollar-gold convertibility.
★So it ran from the mid-1940s to the early 1970s.
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