What was the Bretton Woods agreement about? Why did it break ...

[wrbasek0]

What was the Bretton Woods agreement about? Why did it break down? Briefly explain.
 
  What will be an ideal response?

Question 2

Mercantilism held that
 
  A) silver alone was the mainstay of national wealth.
  B) gold alone was the mainstay of national wealth.
  C) silver and gold were the mainstays of national wealth.
  D) silver and gold are not important for national wealth of a country.
  E) labor forces were the mainstay of national wealth.

[Cnarkel]

Answer to Question 1

Established an international monetary system with an adjustable peg exchange rate. Countries that followed divergent policies were to adjust their exchange rate. Too often, exchange rate adjustments were postponed, encouraging large-scale speculative flows of money. It became obvious that nations were unwilling to follow similar monetary policies required to maintain fixed exchange rates.

Answer to Question 2

C

[wrbasek0]

Thank you

[Cnarkel]

Happy to help you