Bretton Woods Agreement

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Күн бұрын

When we learn The International Monetary System, the Bretton Woods Agreement is an important topic that cannot get around. The Bretton Woods Agreement was negotiated in July 1944 by delegates from 44 countries at the United Nations Monetary and Financial Conference held in Bretton Woods, an area within the state of New Hampshire, United States. The agreement not only was the first example of a fully negotiated monetary order intended to govern monetary relations among independent countries, but also created two important global financial institutions: the World Bank and the International Monetary Fund. You might wonder why the world need to negotiate this agreement and establish these financial institutions? What are their major missions? Why they are so important to the international monetary market? In this video, I will answer these questions for you.

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@JustissRoss937 7 ай бұрын

It's amazing to me that I had never heard of such an important agreement before this course. As much as economic and monetary policies affect our lives, I would expect agreements like this to be more commonly discussed in History classes earlier in our education system.

@notnow1165 Жыл бұрын

Money is such a complex thing, especially internationally. This really helped me grasp how complicated exchange rates can be.

@emmaparker2271 Жыл бұрын

I don't think enough people understand the concept of money. This video helped me understand it more.

@olayemiadegoke8184 Жыл бұрын

This just helped my reading/research for a college test on International political economy I have today

@myrkarobledo8446 Жыл бұрын

The topic of money has always been a tricky subject for me, I remember my parents explaining to me how there was a difference in the value of pesos and dollars. Now that I’m older, I learned more over the topic and finally understood why adult would panic when the value of the dollar was in question.

@paigebanks4038 Жыл бұрын

This video is very interesting on a historical level. Prior to this video I was not aware of the Bretton Woods Agreement and its historic value. Both the world bank and the international Monetary fund are still important today, as they created a framework for countries' cooperation and a more stable global economy.

@maitlynmorman4076 7 ай бұрын

This video is extremely informative. I had never even heard of the Bretton Woods Agreement but it is interesting to know the back ground and importance of it.

@niqniq_luv4eva68 Жыл бұрын

This video really helped me understand the concept of money more. I feel more comfortable explaining this to my peers and family.

@kallin3076 7 ай бұрын

I haven't heard of the International Monetary Fund before watching this video. I think it's cool that there's an organization currently working against world poverty and unemployment.

@caitlinrae2934 Жыл бұрын

This video completely opened my point of view on money.

@ishitabanerjee3548 2 ай бұрын

Well Explained! Thank you!

@BrookeBBarnett 7 ай бұрын

This video really put into perspective the value of money especially in the world of foreign trade. I thought this video was extremely informative and the explanation of the gold standard was very thorough!

@brock-johnson 7 ай бұрын

I thought this video was very interesting to see how the World Bank came about. As well as how as a world we shifted from gold to printed money. I feel like money itself is a hard topic to understand. It's very interesting to see how we backed everything with gold and that eventually failed and how they came together to fix the issue.

@pjcotto5133 Жыл бұрын

This video really put into perspective how impactful the Bretton Woods agreement was and how exchange rates can really get messy. Felipe Cotto/ PJ

@eli89216 Жыл бұрын

I never really understood the concept of the gold standard and why it was left behind. But this video helped me understand this complex subject and how as the population grew and gold being a limited resource to begin with I understand now why we had to find a different way to give value to our currency

@catherinechaziya9577 Жыл бұрын

This video has helped me more to understand bretton wood system😊

@Ah-De-Chung2217 Жыл бұрын

Such a amazing explanation,I leaned alot from this video. TQSM💖✨

@alexandroramirez232 Жыл бұрын

Currencies is a complex topic. I’ve always why we left the gold standard beside from the simple answer, “not enough gold to go around”. Now this video helps explain that it was a mutual global agreement. Also that there was hierarchy of currencies, how that dollar become strong relative to gold.

@ankushdas2980 Жыл бұрын

great video. surprised this has so few views.

@samwolfenstein5239 Жыл бұрын

It's interesting to see how the Bretton Woods Agreement would slowly form into the current Petrodollar system that exists in our modern world, with the US Dollar as the global reserve currency even after the abolition of the gold standard. This really marks the start of global economics and finance as we know them today.

@blakeburgess6275 Жыл бұрын

I have always been curious about our history with the gold standard and why we ended up abandoning it, and this video answered pretty much all of my questions. It does make sense that with an expanding population and more people having access to more financial means, and with gold being such a limited resource that we would have to find a better way to give value to our currency. Of course gold is still a good value holder and a good asset to have for financial stability, investing in growth is very important as well.

@anothercomment3451 Жыл бұрын

Read the Patriot Act. All gold will be confiscated, it looks. That happened before.

@MaxineDePalma Жыл бұрын

I remember my dad explaining the gold standard at the dinner table. It's so interesting how using gold for currency dates back to ancient times, and because gold is a rare and limited resource, it holds its value. I thought it was interesting how the gold standard set by the Bretton Woods agreements worked for a little while but because of changing political and economic policies, it ultimately failed. Having currency pegged to gold makes it secure and fair, but the complexities of international governments and economies can't seem to sustain this method.

@EverbrightEverready Жыл бұрын

Lol...when I was watching this for a test and my country is used in the example🤣 nicee..

@josiah4896 11 ай бұрын

I find the Bretton Woods agreement to be very intriguing. The central role of the dollar in the international agreement shows that overwhelming amount of influence the United States held on the world stage during this period. It seems like a one-sided deal, but after the US had flexed its military and industrial might during the Second World War, it makes sense why so many nations would be willing to join in on such an agreement.

@tannerdavis8843 Жыл бұрын

I never realized how important the World Bank was for developing countries able to get large loans to raise their standard-of-living. I think it is really key that voting power is based on shareholder size.

@TimesRollingENT Жыл бұрын

One thing that I have learned is that Gold will never lose its value, a goal of mine is to own gold for sure

@darkmomo1315 Жыл бұрын

Thank you sir

@kelsieviancabernardo1313 3 ай бұрын

❤

@imiikhan Жыл бұрын

thumbs-up 😍

@meganarmstrong342 Жыл бұрын

Until this video, I didn't realize how complex turning gold into money was. Everybody kind of just thinks its simple to get paid for gold, but you have to convert it based on current exchange rates.

@praiseadeniran8822 Жыл бұрын

Why did the Bretton woods agreement crash?

@ricobalboa5288 Жыл бұрын

Thank you, your video explains very clearly the main subject as well as it provides good contextualization to understand it; i also like the fact that you gave information about what happened before and after.

@tentanghukumkita6381 2 жыл бұрын

Bretton Woods Agreement Interesting explanation and very useful 👍 Dear resource person, may I ask, is there any country in the world that is not subject to the Bretton Woods Treaty? Thank you 💕

@BusinessSchool101 2 жыл бұрын

Hi, when it was first established in 1944, it had 44 member countries. The system has collapsed in 1970s.

@tentanghukumkita6381 2 жыл бұрын

@@BusinessSchool101 Oh yes, thank you very much

@cedar2496 Жыл бұрын

Both the present system and the Bretton-Woods system seem to stem from - and reinforce- US hegemoy on the world stage. US predominance makes the dollar strong; foreign dependency on the dollar gives the US political leverage. It is a core component of our current mostly-unipolar world system.

@bryancbg4684 Ай бұрын

I’m so dyslexic. Can someone summarize

@EverbrightEverready Жыл бұрын

Am glad they know that system didn't work in Tanzania

@patrickbateman783 Жыл бұрын

White was a Commie 😅🤣😂

@amelaamelajiang493 Жыл бұрын

From america problem :)1993-1999the IMF gave jardon the extended fund facility LOAN. As a result the government under took massive of privatization.. TAXES.foreign外交部投资investment.and easier tread police 🚓🚨💌