These two financial institutions contributed significantly to the faith in the Bretton Woods agreement and, even after the agreement no longer existed, these two institutions were not dissolved. He believed that the priorities of the United States were correct and, although there have been internal tensions within the Western alliance, abandoning open trade would be economic, economic and political as it is worth it: “Our role as global leadership in the political and military sense is the sole reason for our current economic embarrassment, on the one hand, and on the other, the correction of economic embarrassment in the current monetary systems will lead to an untenable economic position for our allies. [Citation required] That is why the Bretton meeting was fundamentally in favour of the simple formalization and conclusion of the agreements previously adopted. Despite the economic efforts imposed by such a policy, participation in the international market centre has given the United States unprecedented freedom of action in pursuing its foreign policy objectives. A trade surplus facilitated the maintenance of armies abroad and to invest outside the United States, and as other nations could not maintain operations abroad, the United States had the power to decide why, when and how to intervene in global crises. The dollar continued to serve as a compass to guide the health of the global economy, and exports to the United States became the main economic objective of the development or new development of economies. This arrangement was called Pax Americana, analogous to the Pax Britannica of the late 19th century and the Pax Romana of the first. (See globalism) One of the main features of the Bretton Woods system was a determined conversion between currencies and the U.S. dollar, the U.S. dollar and gold. The value of the dollar was set at 1/35th of an ounce. The values of other currencies were indexed to the U.S.

dollar. Those who held other currencies that are covered by the agreement always knew how many dollars they could get for their pounds sterling or Their French francs. The United States launched the Marshall Plan for the economic recovery of the European Union in order to provide significant financial and economic assistance to the reconstruction of Europe, largely through subsidies rather than loans. The member countries of the Soviet bloc, for example. B Poland, were invited to receive the subsidies, but obtained a favorable agreement with the COMECON of the Soviet Union. [31] In a speech at Harvard University on June 5, 1947, George Marshall, U.S. Secretary of State, said: In 1944, at Bretton Woods, due to the collective conventional wisdom of the time,[15] privileged representatives of all leading allied nations joined a regulated system of fixed exchange rates, indirectly disciplined by a gold-related dollar[16] – a system based on a regulated market economy with strict currency controls. International speculative financing flows have been held back by the passage and limitation by central banks.

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