ELI5: Explain Like I'm 5

Bretton Woods II

Bretton Woods II is like a special game that all the countries in the world play together. In the game, everyone agrees to use one type of money called the US dollar to buy and sell things with each other. This helps everyone trade with each other easily and not worry about lots of different types of money.

The game started a long time ago, after World War II, when lots of countries wanted to make a plan to keep the world peaceful and happy. They met in a place called Bretton Woods in the United States and decided on this game together.

Nowadays, the game is still going on, but some people say that it's not as fair as it could be. Some countries worry that they don't have as much power in the game as others, like the USA. This can make them feel like they're not being treated fairly.

But lots of people are still playing the game and doing their best to make sure it's fair for everyone. Some countries are even working together to make new rules so that everyone can have an equal say in the game. So, overall, Bretton Woods II is a way for countries to work together and make the world a better place by trading with each other in a fair and easy way.