
How is the United Nations Monetary and Financial Conference wherein the agreements were signed to set up IBRD, GATT and IMF, commonly known?
- Bandung Conference
- Bretton Woods Conference
- Versailles Conference
- Yalta Conference
Explanation
Option (b) is correct
- The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 allied nations at the Mount Washington Hotel, in Bretton Woods, New Hampshire, United States, to regulate what would be the international monetary and financial order after the conclusion of World War II. The conference was held from July 1 to 22, 1944. Agreements were signed that, after legislative ratification by member governments, established the International Bank for Reconstruction and Development (IBRD, later part of the World Bank Group) and the International Monetary Fund (IMF). This led to the establishment of the Bretton Woods system for international commercial and financial relations. The General Agreement on Tariffs and Trade (GATT) also traces its origins to the 1944 Bretton Woods Conference.

