Bretton Woods Conference

Definition

The Bretton Woods Conference was a meeting of 44 Allied nations in 1944, held in Bretton Woods, New Hampshire, USA. The conference aimed to establish a framework for international economic cooperation after World War II.

Related terms

Gold Standard: A monetary system where a country's currency or paper money has a value directly linked to gold. This was abandoned by most countries during the course of the 20th century.

Exchange Rate: The value of one nation's currency versus the currency of another nation or economic zone.

United Nations Monetary and Financial Conference: Another name for the Bretton Woods Conference.