The Evolution of Global Economic Structures
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Questions and Answers

Which event led to the establishment of the Bretton Woods system in 1944?

  • World War II (correct)
  • The liberalization of trade
  • The Great Depression
  • World War I

    • What was the purpose of the Bretton Woods system?

  • To create stable international exchange rates
  • To foster international economic cooperation
  • To encourage the free flow of capital around the world
  • All of the above (correct)

    • Which global economic structure sought to facilitate the liberalization of trade by reducing tariff barriers?

  • GATT (correct)
  • The Great Depression
  • The Bretton Woods system
  • WTO

    • What was the major global economic system that functioned between 1896 and 1914?

    <p>The prior global capitalist system</p> Signup and view all the answers

    What did the US dollar become in the Bretton Woods system?

    <p>A global currency</p> Signup and view all the answers

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