Institution

Bretton Woods system

1944–1971 · 20th century

The Bretton Woods system was the international monetary order agreed at the Bretton Woods Conference in New Hampshire in July 1944. It fixed exchange rates against the US dollar, which was convertible into gold at 35 dollars an ounce, and created the International Monetary Fund and the World Bank; it broke down after the United States ended gold convertibility in 1971.

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Cite this entry
APA
The Epoch Institute. (2026). Bretton Woods system. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/bretton-woods-system
MLA
“Bretton Woods system.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/bretton-woods-system. Accessed .
Chicago
The Epoch Institute. “Bretton Woods system.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/bretton-woods-system.
Harvard
The Epoch Institute (2026) ‘Bretton Woods system’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/bretton-woods-system (Accessed: ).

Last reviewed October 2026Random entry ↻