What was one of the key objectives of the Bretton Woods System?
Understand the Problem
The question is asking about the objectives of the Bretton Woods System, which is a significant historical agreement in global economic governance. It's focused on understanding one of its key objectives from the provided options.
Answer
To prevent competitive devaluations.
The final answer is to prevent competitive devaluations.
Answer for screen readers
The final answer is to prevent competitive devaluations.
More Information
One of the primary aims of the Bretton Woods System was to stabilize global economies by preventing competitive devaluations, which can lead to economic wars and instability.
Tips
A common mistake is to confuse the goal with establishing new global trade organizations, which was not the aim of Bretton Woods.
Sources
- Bretton Woods Created - Federal Reserve History - federalreservehistory.org
- Bretton Woods Agreement Explained - Investopedia - investopedia.com
AI-generated content may contain errors. Please verify critical information
