How the U.S. Became Banker to the Post-War World (Part 3)Simon Johnson and James Kwak
March 28 (Bloomberg) -- Both the international monetary system and American fiscal policy began to change in the 1960s. The system developed at the United Nations Monetary and Financial Conference, held in Bretton Woods, New Hampshire, in July 1944, fixed exchange rates to a dollar backed by gold. It worked successfully for years. But it couldn’t last forever.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Melania Trump Has a Bully-in-Chief Problem
- Conservatives and the Rotten Smell of States' Rights
- London's Uber Ban Is a Big Brexit Mistake
- Trump Slams the Brakes on Self-Driving Cars
- Serving Ice Cream Isn't a Cultural Exchange
- Trump Has Created Leverage Against Iran. Now He Needs a Closer.
- GOP Health-Care Bill Is Fair to All States