The Bretton Woods system, established in 1944 during a conference in Bretton Woods, New Hampshire, created a framework for international monetary management and aimed to promote economic stability and growth in the post-World War II era. Under this system, currencies were pegged to the US dollar, which was in turn convertible to gold at a fixed rate.
The end of the Bretton Woods system occurred in the early 1970s, culminating in several key