brenton woods agreement

The Bretton Woods Agreement was an international agreement made in 1944 that involved lots of countries getting together to find a new way to work together to help the global economy recover after World War II. The agreement said that countries had to agree to use the same type of money (called the US dollar), and they also agreed to use something called the 'gold standard'. The gold standard meant that every country promised to fix the value of their currency (like the dollar or the Euro) to the value of gold. This made it easier to predict and compare values of different currencies, which made it easier for people to buy and sell things in other countries and to pay for imports and exports. This agreement helped countries around the world to rebuild their economies after the war and keep their economies stable.