Bretton Woods Agreement

Updated: Aug 20, 2021

An international agreement entered into at Bretton Woods, New Hampshire, by the U.K. and its western allies towards the end of, and as a direct result of, the Second World War. It was signed in 1944 and was to give birth to various international agencies aimed at establishing peaceful trade between nations and keeping a watchful eye on the conduct of that trade. The principal remaining legacies of the Agreement are the International Monetary Fund and the International Bank for Reconstruction and Development.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.