Class 10 Social Science - India an the Contemporary World - II - Chapter The Making of a Global World NCERT Solutions | What is meant by the Bretton Woods Agree

Welcome to the NCERT Solutions for Class 10th Social Science - India an the Contemporary World - II - Chapter The Making of a Global World. This page offers a step-by-step solution to the specific question from Excercise ".$ex_no." , Question 5: what is meant by the bretton woods agreement....
Question 5

What is meant by the Bretton Woods Agreement?

Answer

The Bretton Woods Agreement was finalised in July 1944 at Bretton Woods in New Hampshire, USA. It established the International Monetary Fund and the World Bank to preserve global economic stability and full employment in the industrial world. These institutions also dealt with external surpluses and deficits of member nations, and financed post-war reconstructions.

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