Bretton Woods

ブレトンウッズ ／ bretton-woods　—　Institutions

The post-war monetary order settled at the end of the Second World War.

A two-tiered system that pegged the dollar to gold and other national currencies to the dollar. Countries did not need to hold gold directly; holding dollars was considered equivalent to holding gold.

⚠ When the United States could no longer maintain the gold backing for the dollar, the system collapsed, starting with the second tier.

References

• Gold Reserve Act of 1934 — Federal Reserve History　Signed on 1934-01-30. Transferred ownership of all monetary gold in the US to the Treasury and prohibited the redemption of dollars for gold.

Only works and primary sources whose existence has been verified are listed.