Abstract

What Bretton Woods Did
Stone, I. F. | August 5, 1944 issue

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The article focuses on the Bretton Woods conference of 1944. According to the author, neither the International Monetary Fund nor the Bank for Reconstruction and Development can prevent another great depression. The hostile criticism of the banking community has usefully stressed the fact that neither agency can operate successfully for any length of time without a diminution of trade barriers and a more enlightened tariff policy. Bretton Woods offers the one hope of restoring multilateral international trade, which has a lot to do with international peace, arid doing so on a domestic full employment basis.

See Also:

COMMERCIAL treaties; CONGRESSES & conventions; INTERNATIONAL Monetary Fund; INTERNATIONAL trade; EMPLOYMENT (Economic theory); BRETTON Woods (N.H.); NEW Hampshire; UNITED States
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