Bretton Woods system
E1144
The Bretton Woods system was a post–World War II international monetary order in which major currencies were pegged to the U.S. dollar, and the dollar was convertible to gold, creating a fixed exchange rate regime that lasted until the early 1970s.
All labels observed (10)
Statements (52)
| Predicate | Object |
|---|---|
| instanceOf |
fixed exchange rate regime
ⓘ
international monetary system ⓘ |
| alsoKnownAs |
Bretton Woods system
ⓘ
surface form:
Bretton Woods monetary system
|
| appliesToJurisdiction |
International Monetary Fund member states
ⓘ
Japan ⓘ United Kingdom ⓘ United States of America ⓘ
surface form:
United States
Western Europe ⓘ |
| basedOn |
US dollar
ⓘ
surface form:
U.S. dollar
gold convertibility of the U.S. dollar ⓘ |
| concludedAt |
Bretton Woods system
self-linksurface differs
ⓘ
surface form:
Bretton Woods Conference
|
| countryOfEvent |
United States of America
ⓘ
surface form:
United States
|
| creator | United States government ⓘ |
| dissolvedBecauseOf |
U.S. balance of payments deficits
ⓘ
growing dollar overhang ⓘ suspension of dollar–gold convertibility in 1971 ⓘ |
| endTime |
1971
ⓘ
early 1970s ⓘ |
| exchangeRateAnchor |
US dollar
ⓘ
surface form:
U.S. dollar
gold ⓘ |
| feature |
IMF oversight of exchange rate adjustments
ⓘ
U.S. dollar convertible into gold at a fixed price ⓘ capital controls in many member countries ⓘ par value system for exchange rates ⓘ |
| followedBy | post–Bretton Woods floating exchange rate system ⓘ |
| goal |
avoid competitive devaluations
ⓘ
facilitate balanced growth of international trade ⓘ promote international monetary stability ⓘ |
| goldPrice | 35 U.S. dollars per troy ounce of gold ⓘ |
| hasEffect |
created a fixed exchange rate regime
ⓘ
facilitated postwar reconstruction and trade expansion ⓘ limited exchange rate flexibility ⓘ pegged major currencies to the U.S. dollar ⓘ promoted exchange rate stability ⓘ |
| hasPart |
World Bank
ⓘ
surface form:
International Bank for Reconstruction and Development
International Monetary Fund ⓘ World Bank ⓘ |
| inception | 1944 ⓘ |
| influencedBy |
Harry Dexter White
ⓘ
John Maynard Keynes ⓘ |
| legalForm | international agreement ⓘ |
| monetaryPolicyRegime | fixed but adjustable exchange rates ⓘ |
| namedAfter | Bretton Woods, New Hampshire ⓘ |
| participant |
44 Allied nations
ⓘ
United Kingdom ⓘ United States of America ⓘ
surface form:
United States
|
| pointInTime | July 1944 ⓘ |
| replaced |
interwar competitive devaluation regime
ⓘ
interwar gold exchange standard practices ⓘ |
| significantEvent |
Bretton Woods system
self-linksurface differs
ⓘ
surface form:
Nixon shock
|
| startTime |
1944
ⓘ
post–World War II era ⓘ |
Referenced by (21)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Bretton Woods monetary system
this entity surface form:
Nixon shock
this entity surface form:
Bretton Woods Conference
this entity surface form:
Bretton Woods Conference
this entity surface form:
Bretton Woods Conference
this entity surface form:
United States Gold Standard
this entity surface form:
Bretton Woods negotiations
this entity surface form:
Bretton Woods gold exchange standard
this entity surface form:
Bretton Woods system of fixed exchange rates
this entity surface form:
Bretton Woods gold–exchange standard era
this entity surface form:
Bretton Woods system of fixed exchange rates
this entity surface form:
Bretton Woods institutional framework