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Question
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multiple choice 2 points
the bretton woods conference, held in 1944, led to the establishment of which two international financial institutions?
european union (eu) and organization of american states (oas)
world bank and international monetary fund (imf)
The Bretton Woods Conference aimed to create a stable post - WWII financial system. The World Bank was set up to aid in post - war reconstruction and development, while the IMF was to maintain exchange rate stability and provide short - term loans to countries with balance - of - payments problems. The European Union (EU) was formed later (1993) through a series of treaties, and the Organization of American States (OAS) was established in 1948 with a focus on hemispheric cooperation in the Americas, not directly from the Bretton Woods Conference.
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B. World Bank and International Monetary Fund (IMF)