Bretton Woods system

The Bretton Woods system is an international system for organizing monetary processes, in which the exchange rate of all world currencies was fixed in relation to the US dollar, and the dollar itself was equated to gold. Operated from 1944 to 1971.

In this video we'll take a look at:

► What is the Bretton Woods system
► What was the basis of the Bretton Woods system
► Predecessor - Genoese
► The problems she faced
► Relocation of gold reserves from the USA
► Robert Nixon's statement on the abolition of the Bretton Woods system
► Jamaican system
► The paradox facing the US

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