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A Meeting at Bretton Woods
The Bretton Woods Conference was held in New Hampshire in July 1944, and was attended by forty-four nations. The conference was held to make plans for post–World War II international economic cooperation. The purpose of this meeting of nations was to make financial arrangements for the postwar era, and to provide post war economic assistance to governments in need. The delegates reached agreement on an international monetary fund to promote exchange stability and expansion of international trade and the formation of what is today, the World Bank. The original agreement became law in the United States in 1945 and lasted unchanged until 1971.
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