The Breton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was a gathering of delegates from 44 nations that met from July 1 to 22, 1944 in Breton Woods, New Hampshire, to agree upon a series of new rules for the post-WWII international monetary system.
EXPLANATION
The two major accomplishments of the conference were the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (ibrd).
).The lessons taken by U.S. policymakers from the interwar period informed the institutions created at the conference. Officials such as President Franklin D. Roosevelt and Secretary of State Cordell Hull were adherents of the Wilsonian belief that free trade not only promoted international prosperity, but also international peace. The experience of the 1930s certainly suggested as much. The policies adopted by governments to combat the Great Depression - high tariff barriers, competitive currency devaluations, discriminatory trading blocs - had contributed to creating an unstable international environment without improving the economic situation. This experience led international leaders to conclude that economic cooperation was the only way to achieve both peace and prosperity, at home and abroad.
).The lessons taken by U.S. policymakers from the interwar period informed the institutions created at the conference. Officials such as President Franklin D. Roosevelt and Secretary of State Cordell Hull were adherents of the Wilsonian belief that free trade not only promoted international prosperity, but also international peace. The experience of the 1930s certainly suggested as much. The policies adopted by governments to combat the Great Depression - high tariff barriers, competitive currency devaluations, discriminatory trading blocs - had contributed to creating an unstable international environment without improving the economic situation. This experience led international leaders to conclude that economic cooperation was the only way to achieve both peace and prosperity, at home and abroad.The first articulation of this vision was included in the Atlantic Charter issued by Roosevelt and British Prime Minister Winston Churchill at the Atlantic Conference of August 1941. The Charter's fourth point committed the United States and Great Britain "to further the enjoyment by all States�of access, on equal terms, to the trade and to the raw materials of the world which are needed for their economic prosperity." The fifth point expressed a commitment to "the fullest collaboration between all nations in the economic field with the object of securing, for all, improved labor standards, economic advancement and social security." Great Britain and the United States elaborated on these principles the following year during the negotiations concerning the terms under which the United Kingdom would receive lend-lease assistance from the United States. Britain agreed to join in promoting international cooperation that would expand "production, employment, and the exchange and consumption of goods" and would reduce tariffs and other trade barriers. Washington and London also agreed to begin talks aimed at achieving these international economic.
Although similar in purpose, the ry conference in Atlantic City in mid-June 1944, the Breton Woods Conference convened on July 1. Three weeks of discussion later, the delegates signed the Final Act of the United Nations Monetary and Financial Conference, which included charters outlinin
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Answer:
The Breton Woods Conference, officially known as the United Nations Monetary and Financial Conference, was a gathering of delegates from 44 nations that met from July 1 to 22, 1944 in Breton Woods, New Hampshire, to agree upon a series of new rules for the post-WWII international monetary system.
EXPLANATION
The two major accomplishments of the conference were the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (ibrd).
).The lessons taken by U.S. policymakers from the interwar period informed the institutions created at the conference. Officials such as President Franklin D. Roosevelt and Secretary of State Cordell Hull were adherents of the Wilsonian belief that free trade not only promoted international prosperity, but also international peace. The experience of the 1930s certainly suggested as much. The policies adopted by governments to combat the Great Depression - high tariff barriers, competitive currency devaluations, discriminatory trading blocs - had contributed to creating an unstable international environment without improving the economic situation. This experience led international leaders to conclude that economic cooperation was the only way to achieve both peace and prosperity, at home and abroad.
).The lessons taken by U.S. policymakers from the interwar period informed the institutions created at the conference. Officials such as President Franklin D. Roosevelt and Secretary of State Cordell Hull were adherents of the Wilsonian belief that free trade not only promoted international prosperity, but also international peace. The experience of the 1930s certainly suggested as much. The policies adopted by governments to combat the Great Depression - high tariff barriers, competitive currency devaluations, discriminatory trading blocs - had contributed to creating an unstable international environment without improving the economic situation. This experience led international leaders to conclude that economic cooperation was the only way to achieve both peace and prosperity, at home and abroad.The first articulation of this vision was included in the Atlantic Charter issued by Roosevelt and British Prime Minister Winston Churchill at the Atlantic Conference of August 1941. The Charter's fourth point committed the United States and Great Britain "to further the enjoyment by all States�of access, on equal terms, to the trade and to the raw materials of the world which are needed for their economic prosperity." The fifth point expressed a commitment to "the fullest collaboration between all nations in the economic field with the object of securing, for all, improved labor standards, economic advancement and social security." Great Britain and the United States elaborated on these principles the following year during the negotiations concerning the terms under which the United Kingdom would receive lend-lease assistance from the United States. Britain agreed to join in promoting international cooperation that would expand "production, employment, and the exchange and consumption of goods" and would reduce tariffs and other trade barriers. Washington and London also agreed to begin talks aimed at achieving these international economic.
Although similar in purpose, the ry conference in Atlantic City in mid-June 1944, the Breton Woods Conference convened on July 1. Three weeks of discussion later, the delegates signed the Final Act of the United Nations Monetary and Financial Conference, which included charters outlinin