CBSE · Class 10 · Social Science · History: The Making of a Global WorldWhat are the Bretton Woods institutions and why were they established?
Step-by-Step Solution
The Bretton Woods institutions are the International Monetary Fund (IMF) and the World Bank (IBRD). They were established at the United Nations Monetary and Financial Conference in Bretton Woods, USA, in July 1944. Their primary purpose was to preserve economic stability and ensure full employment in the post-war industrial world by managing global trade and finance.
💡 Study Guide: This question tests core syllabus concepts from History: The Making of a Global World. For formulas, key summaries, and mock exam reference guides, read the full History: The Making of a Global World Revision Notes.