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The Importance Of The Bretton Woods Agreement

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Key Term and Why You Are Interested in it
I am interested in conducting more research on the Bretton Woods Agreement for several reasons. The first of which is the Agreement followed World War II, and this time period is extremely fascinating to me. But further the Bretton Woods Conference, and all the agreements made there, are the foundation for international commerce today. Because of organizations like the World Bank, and International Monetary Fund most countries operate in similar manners and are able to trade with little interference. The World Bank, International Monetary Fund, and World Trade Organization all find their roots in the Bretton Woods Agreements, and because of that it is important to understand where they came from, for …show more content…
This later lead to the Burgenstock conference, which then would lead to further movement away from policies of the Bretton Woods Conference (Kasper, 2014, p.25). The Burgenstock Conference allowed the U.S. to leave the gold standard, which allowed great fluidity in the currency exchange markets. The article then concludes with the movement to begin again to peg currency as the 1960s have begun fading away from memory (Kasper, 2014, p.28). Furthermore, the freedom of foreign exchange markets requires eternal vigilance, as bubbles will form (Kasper, 2014, …show more content…
Whereas articles like The Revived Bretton Woods System, Liquidity Creation, and Asset price Bubbles and how we should consider going back to the second iteration of Bretton Woods in the 1970s (Dellas, Tavlas, 2011, p. 485). Further, articles like Reinterpreting Bretton Woods: International Development and Neglected Origins of Embedded Liberalism, focus ' only on the origins with no direct link to today (Helleiner, 2006, p. 943). Additionally, others examine how organizations formed from the Bretton Woods Agreement are tools for shaping policy in other Countries (Lipscy, 2015, p.341). Or, they only focused on how it impacted one country with no comparison to other countries (Newton, 2013, p.

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