-
Between the world wars, international trade and capital flows shrank compared to the period before World War I. Countries had abandoned the gold standard, but the United States returned to it
-
At the end of the Wars, The United States entered the Great Depression and started to raise trade barriers. They refused to act as international lenders.
-
In this era the objective was to create an order that combined a system international that help benefits of an integrated and relatively liberal international system with the freedom for governments.
-
President Nixonend all convertibility into gold
-
Economist have tried different ways to fixing or updating the Bretton Woods System since developing countries started using it. But with the Dollar had a strong value, it was at no avail.
