After World War I countries tried to restore the g...

After World War I countries tried to restore the gold standard, but it collapsed completely during the Great Depression of the 1930s.

In such circumstances, 730 delegates from 44 countries met at this locality, in 1944, to build the world financial system after the war, to avoid the risk of recurring economic crisis.

Here, countries agreed to establish a financial system called Bretton Woods - including the International Monetary Fund (IMF), the World Bank (WB) and a fixed exchange rate regime. built around the US dollar tied to gold.

Since the United States at that time accounted for more than half of the world's production potential and held nearly all of the world's gold, the leaders decided to tie the world currencies to the dollar, the currency that Then they agreed to exchange it for gold at $ 35 an ounce