Questions and Answers
What was the primary purpose of the International Monetary Fund (IMF) established at Bretton Woods?
To monitor exchange rates and lend reserve currencies to nations with balance-of-payments deficits
What was the name of the institution established at Bretton Woods to provide financial assistance for reconstruction and economic development?
International Bank for Reconstruction and Development (World Bank Group)
What was the main goal of the General Agreement on Tariffs and Trade (GATT) established in 1947?
To reduce tariffs and other hindrances to free trade
What was the high point of global Keynesianism, characterized by governments pouring money into their economies?
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What was the name of the conference where the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development were established?
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What was the primary role of John Maynard Keynes at the Bretton Woods conference?
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What was the primary goal of the economic policies implemented during the high point of global Keynesianism?
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What was the result of the economic policies implemented during the high point of global Keynesianism?
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What was the name of the institution responsible for providing financial assistance for reconstruction after World War II?
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Who was the chief international economist at the Treasury Department at the Bretton Woods conference?
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