Question

What was the result of the Bretton Woods Conference?

the creation of NAFTA

the creation of a flexible exchange-rate system for the United States and much of Western Europe

the creation of a fixed exchange-rate system for the United States and much of Western Europe

the creation of the euro

Answer 1

C: the creation of a fixed exchange-rate system for the United States and much of Western Europe

Answer 2

The result of the Bretton Woods Conference is the creation of a fixed exchange-rate system for the United States and much of Western Europe .

Option C

Explanation:

A meeting of representatives from 44 nations was held at Bretton Woods Meeting in New Hampshire (Bretton) from 1 to 22 July 1934 to agree on a range of new regulations for the global monetary system post-WWII.

The meeting of the General Assembly was officially referred to as the Monetary and Financial Meeting.

The exchange rate process in Bretton Woods saw those dollar-related currencies and the dollar-related gold. Capital flows have been severely limited in order to stop speculation against currency pegs. More than twenty decades of rapid economic growth and a general lack of financial problems followed this process.