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Bretton Woods Conference
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 what was called the Bretton Woods system for international commercial and financial relations. Background Multilateral economic cooperation among countries was crucial for the post-war world economies. Countries sought to establish an international monetary and financial system that fostered collaboration and growth among the parti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mount Washington Hotel
The Omni Mount Washington Resort is a historic luxury resort hotel in Bretton Woods, New Hampshire, United States, near Mount Washington. It was designed by Charles Alling Gifford. In 1944, it hosted the Bretton Woods Conference, which established the International Monetary Fund and the World Bank. It is a member of Historic Hotels of America, the official program of the National Trust for Historic Preservation. The area, part of the town of Carroll, New Hampshire, includes the Bretton Woods Mountain Resort, Bretton Woods ski resort nearby. It is located at the northern end of Crawford Notch, east of the village of Twin Mountain, New Hampshire, Twin Mountain along U.S. Route 302. History The Mount Washington Hotel was constructed between 1900 and 1902 at a cost of $1.7 million (approximately $ million today) by Joseph Stickney, a native of Concord, New Hampshire who had made a fortune before the age of 30 as a coal broker in Pennsylvania. In 1881 Stickney and his partner ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nazism
Nazism (), formally named National Socialism (NS; , ), is the far-right totalitarian socio-political ideology and practices associated with Adolf Hitler and the Nazi Party (NSDAP) in Germany. During Hitler's rise to power, it was frequently referred to as Hitler Fascism () and Hitlerism (). The term " neo-Nazism" is applied to other far-right groups with similar ideology, which formed after World War II, and after Nazi Germany collapsed. Nazism is a form of fascism, with disdain for liberal democracy and the parliamentary system. Its beliefs include support for dictatorship, fervent antisemitism, anti-communism, anti-Slavism, anti-Romani sentiment, scientific racism, white supremacy, Nordicism, social Darwinism, homophobia, ableism, and the use of eugenics. The ultranationalism of the Nazis originated in pan-Germanism and the ethno-nationalist '' Völkisch'' movement which had been a prominent aspect of German ultranationalism since the late 19th centu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Current Account (balance Of Payments)
In macroeconomics and international finance, a country's current account records the value of exports and imports of both goods and services and international transfers of capital. It is one of the two components of the balance of payments, the other being the capital account (also known as the financial account). Current account measures the nation's earnings and spendings abroad and it consists of the balance of trade, net ''primary income'' or ''factor income'' (earnings on foreign investments minus payments made to foreign investors) and net unilateral transfers, that have taken place over a given period of time. The current account balance is one of two major measures of a country's foreign trade (the other being the net capital outflow). A current account surplus indicates that the value of a country's net foreign assets (i.e. assets less liabilities) grew over the period in question, and a current account deficit indicates that it shrank. Both government and priva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Convertibility
Convertibility is the quality that allows money or other financial instruments to be converted into other liquid stores of value. Convertibility is an important factor in international trade, where instruments valued in different currencies must be exchanged. Currency trading Freely convertible currencies have immediate value on the different international markets, and few restrictions on the manner and amount that can be traded for another currency. Free convertibility is a major feature of a hard currency. Some countries pass laws restricting the legal exchange rates of their currencies or requiring permits to exchange more than a certain amount. Some currencies, such as the North Korean won, the Transnistrian ruble, and the Cuban national peso, are officially nonconvertible and can only be exchanged on the black market. If an official exchange rate is set, its value on the black market is often lower. Convertibility controls may be introduced as part of an overall monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, it is by far the largest market in the world, followed by the credit market. The main participants are the larger international banks. Financial centres function as anchors of trading between a range of multiple types of buyers and sellers around the clock, with the exception of weekends. As currencies are always traded in pairs, the market does not set a currency's absolute value, but rather determines its relative value by setting the market price of one currency if paid for with another. Example: 1 USD is worth 1.1 Euros or 1.2 Swiss Francs etc. The market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as "dealers", who are involve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second World War
World War II or the Second World War (1 September 1939 – 2 September 1945) was a World war, global conflict between two coalitions: the Allies of World War II, Allies and the Axis powers. World War II by country, Nearly all of the world's countries participated, with many nations mobilising all resources in pursuit of total war. Tanks in World War II, Tanks and Air warfare of World War II, aircraft played major roles, enabling the strategic bombing of cities and delivery of the Atomic bombings of Hiroshima and Nagasaki, first and only nuclear weapons ever used in war. World War II is the List of wars by death toll, deadliest conflict in history, causing World War II casualties, the death of 70 to 85 million people, more than half of whom were civilians. Millions died in genocides, including the Holocaust, and by massacres, starvation, and disease. After the Allied victory, Allied-occupied Germany, Germany, Allied-occupied Austria, Austria, Occupation of Japan, Japan, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund Formed 1945 (15839176617)
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Internationalism (politics) * Political international, any ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic City, New Jersey
Atlantic City, sometimes referred to by its initials A.C., is a Jersey Shore seaside resort city (New Jersey), city in Atlantic County, New Jersey, Atlantic County, in the U.S. state of New Jersey. Atlantic City comprises the second half of the Atlantic City-Hammonton, New Jersey, Hammonton metropolitan statistical area, which encompasses those cities and all of Atlantic County for statistical purposes. Both Atlantic City and Hammonton, as well as the surrounding Atlantic County, are culturally tied to Philadelphia and constitute part of the larger Philadelphia metropolitan area or Delaware Valley, the nation's Metropolitan statistical area, seventh-largest metropolitan area as of 2020. Located in South Jersey on Absecon Island and known for its taxis, casinos, nightlife, Boardwalk (entertainment district), boardwalk, and Atlantic Ocean beaches and coastline, the city is prominently known as the "Las Vegas of the East Coast" and inspired the U.S. version of the board game ''M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allies Of World War II
The Allies, formally referred to as the United Nations from 1942, were an international Coalition#Military, military coalition formed during World War II (1939–1945) to oppose the Axis powers. Its principal members were the "Four Policemen, Big Four" – the United Kingdom, United States, Soviet Union, and Republic of China (1912–1949), China. Membership in the Allies varied during the course of the war. When the conflict broke out on 1 September 1939, the Allied coalition consisted of the United Kingdom, French Third Republic, France, and Second Polish Republic, Poland, as well as their respective Dependent territory, dependencies, such as British Raj, British India. They were joined by the independent dominions of the British Commonwealth: Canada, Australia, Dominion of New Zealand, New Zealand and Union of South Africa, South Africa. Consequently, the initial alliance resembled Allies of World War I, that of the First World War. As Axis forces began German invasion of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Clearing Union
The International Clearing Union (ICU) was one of the institutions proposed to be set up at the 1944 United Nations Monetary and Financial Conference at Bretton Woods, New Hampshire, in the United States, by British economist John Maynard Keynes. Its aim was to establish regulation of currency exchange, a role eventually taken by the International Monetary Fund (IMF). The International Clearing Union (ICU) would be a global bank whose role would be the clearance of trade between nations, similar to a trade exchange with every country as a member. All international trade would be denominated in a special unit of account, the proposed bancor. The bancor was to have had a fixed exchange rate with national currencies, and would have been used to measure the balance of trade between nations. Goods exported would add bancors to a country's account, while goods imported would subtract them. Each nation would be incentivized to keep their bancor balance close to zero by one of two me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Department Of The Treasury
The Department of the Treasury (USDT) is the Treasury, national treasury and finance department of the federal government of the United States. It is one of 15 current United States federal executive departments, U.S. government departments. The department oversees the Bureau of Engraving and Printing and the United States Mint, U.S. Mint, two federal agencies responsible for printing all paper currency and minting United States coinage, coins. The treasury executes Currency in circulation, currency circulation in the domestic fiscal system, Tax collector, collects all taxation in the United States, federal taxes through the Internal Revenue Service, manages United States Treasury security, U.S. government debt instruments, Bank regulation#Licensing and supervision, licenses and supervises banks and Savings and loan association, thrift institutions, and advises the Federal government of the United States#Legislative branch, legislative and Federal government of the United Stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harry Dexter White
Harry Dexter White (October 29, 1892 – August 16, 1948) was an American government official in the United States Department of the Treasury. Working closely with the secretary of the treasury Henry Morgenthau Jr., he helped set American financial policy toward the Allies of World War II. He was later accused of espionage by passing information to the Soviet Union, an allegation which was confirmed after his death, which was a suicide shortly after testifying before Congress. He was a senior American official at the 1944 Bretton Woods Conference that established the postwar economic order. He dominated the conference, and his vision of post-war financial institutions mostly prevailed over those of John Maynard Keynes, the British representative who was the other main founder. Through Bretton Woods, White was a major architect of the International Monetary Fund and World Bank. White was accused in 1948 of spying for the Soviet Union, which he adamantly denied. He was never a Commu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
