What was the Bretton Woods system?The Bretton Woods system was a post-World War II reconstruction plan to found three key institutions: the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD), which later became the World Bank, and _____.

The Bretton Woods agreements created the IMF and the International Bank for Reconstruction and Development to support international financial stability and postwar reconstruction. The third institution planned alongside them was the International Trade Organization, intended to help organize and promote international trade. It was not the United Nations, which had been established separately.

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