Bretton Woods Conference

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Bretton Woods Conference

The Columbia Encyclopedia, Sixth Edition | 2008 | The Columbia Encyclopedia, Sixth Edition. Copyright 2008 Columbia University Press. (Hide copyright information) Copyright

Bretton Woods Conference name commonly given to the United Nations Monetary and Financial Conference, held (July 1-22, 1944) at Bretton Woods, N.H. The conference resulted in the creation of the International Monetary Fund , to promote international monetary cooperation, and of the International Bank for Reconstruction and Development . By Dec., 1945, the required number of governments had ratified the treaties creating the two organizations, and by the summer of 1946 they had begun operation.

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Bretton Woods Conference

The Oxford Essential Dictionary of the U.S. Military | 2001 | © The Oxford Essential Dictionary of the U.S. Military 2001, originally published by Oxford University Press 2001. (Hide copyright information) Copyright

Bretton Woods Conference a World War II meeting attended by representatives from forty-four nations, held at Bretton Woods, New Hampshire, on July 1–2, 1944. It established the International Bank for Reconstruction and Development, which was established in 1945, and the International Monetary Fund, which was established in 1946. Both were established to provide postwar economic assistance to governments in need.

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