Bretton Woods System

Much more interesting to us today is when that came to an end with the Nixon Shock.<p><a href="https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Nixon_shock" rel="nofollow">https:&#x2F;&#x2F;en.wikipedia.org&#x2F;wiki&#x2F;Nixon_shock</a><p><a href="https:&#x2F;&#x2F;wtfhappenedin1971.com" rel="nofollow">https:&#x2F;&#x2F;wtfhappenedin1971.com</a><p><a href="https:&#x2F;&#x2F;img.take-profit.org&#x2F;graphs&#x2F;indicators&#x2F;money-supply-m0&#x2F;money-supply-m0-united-states.png" rel="nofollow">https:&#x2F;&#x2F;img.take-profit.org&#x2F;graphs&#x2F;indicators&#x2F;money-supply-m...</a>

The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained its external exchange rates within 1 percent by tying its currency to gold and the ability of the International Monetary Fund (IMF) to bridge temporary imbalances of payments.