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The Breton Woods agreement led to the global monetary system in use today. Problems with Breton...

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Psychology

The Breton Woods agreement led to the global monetary system inuse today. Problems with Breton Woods, however, also led to itscollapse and highlight a basic tension over the roles money playsin any economy. Review why Breton Woods first enabled theinternational exchange of goods and later created increasingfinancial instability. What did President Nixon do in 1971 thattransformed the international monetary system? Explain how themodern global monetary system works. What does it mean whencurrencies “float” or are “pegged”? Give examples. Also provide anexample and explanation for a case where the international monetarysystem contributed to political instability/unrest within acountry.

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3.9 Ratings (699 Votes)
The Bretton woodWU1 agreement established the rules and regulations for the commercial and financial relationships among the US Canada and European countries Bretton Wood system was the first example of the fully negotiated monetary system intended to control and govern relation among fully    See Answer
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