SOSC 1000 Lecture Notes - Post-Fordism, Batch Production, Neoliberalism
2 Apr 2013
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Document Summary
Breton- woods agreement 1944 reps from over 40 countries. Conference to try to come up with a blueprint for what the post war world will look like. 4 major developments that come out of breton woods agreements. Imf is created, to provide short term loans to countries with short term payment problems. World bank- long term loans to rebuild post war europe and japan and develop the developing world in africa and south america. Countries that are not part of any alliances. Wb will provide capital to win over new countries to free world. The general agreement on tarrifs and trads- get the countries to meet regularly to create freer trade between the countries. Resurrects a form of the gold standard- financial system based on fixed exchange rates, us dollar becomes the basis for international trade 35. Us has the gold to back up the currency. All other currencies are compared to the us dollar.
