How did the Bretton woods system collapse giving Birth to Globalisatio

1.	How did the Bretton woods system collapse giving Birth to Globalisation?
Answer» (i) despite used of stable and Rapid growth not all was well in the post-war world. (ii) from 1960 the rising cost of us Overseas involvement weekend its financial and its competitive strength(iii) the US dollar now no longer commanded confidence as a world\'s principal currency it not maintained its value in relation to Gold This ultimately lead to the collapse of fixed exchange rates and the introduction of a system of floating exchange rates

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