SOSC 1200 Study Guide - Final Guide: Bretton Woods System, International Monetary Fund, Job Security
19 Nov 2014
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Definition: an agreement signed during 1944, it established the rules for commercial and financial relations among the world"s major industrial states. The bretton woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states. The purpose of the bwa was to draw a blueprint for what the postwar economy will look like in an effort to prevent the economic disaster post first world war. International monetary fund, world bank, and gat created (wto) to prevent another great depression. Significance: keynesian welfare state connection, there was an emphasis on maintaining full employment policy as well as social welfare programs,, and creation of globalization. Definition: meeting needs of a current society without compromising the ability of future generations to meet their own needs. To this end, initiatives into renewable energies, effective healthcare protection for the people, and efficiency in using resources are just some examples of sustainable movements.
