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References

http://wallstreetpit.com/54600-global-economic-growth-doubles-in-10-years/

Sabine Dammasch;The System of Bretton Woods

Robert Sidelsky; Keynes, Globalisation and the Bretton Woods Institutions in the Light of Changing Ideas about Markets

http://www2.warwick.ac.uk/fac/soc/economics/staff/academic/harrison/public/ww2overview1998.pdf

Bretton Woods

Gold standard

Questions

Jonathan Fransson

9N125524

Gold Standard. Good or bad?

Hegemonic leadership?

Bretton Woods Function

Gold standard -71

Fixed/Pegged rates

Pros

  • Enhance World trade
  • Inflation control
  • Stability

End of Gold Standard

17 August 1971

Bretton Woods still ongoing

Cons of Gold standard

  • Economic Balance
  • Limited amount of gold
  • Dependence on Hegemonic

Historical background

Britain as the leader 1926

Hegemonic theory

Fall of British Hegemony and depression in the 30s

USA as the Hegemony. Half of the Axis and allies combined GDP

John Maynard Keynes

Harry Dexter White

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