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What is meant by bretin woods agreement |
| Answer» The Bretton Woods Conference was convened in July 1944 in New Hampshire, USA. The main aims of the conference were:\tTo preserve the economic stability of Europe and ensure full employment in the industrial world.\tTo control the influence of the outer world on the flow of capital, goods, and labour.The Bretton Woods Agreement was reached to establish the International Monetary Fund (IMF) and the World Bank to ensure global economic stability and full employment in the industrial world. These institutions dealt with external surpluses and deficits of member nations and financed post-war reconstruction. This came to be termed Bretton Woods Agreement. | |