Money & WorkFact

Why the world counts in dollars: a hotel in New Hampshire, 1944.

In July 1944, 44 nations at Bretton Woods agreed on a monetary system: the dollar was pegged to gold at 35 dollars per ounce, and every other currency was pegged to the dollar. The IMF and World Bank were founded alongside. The system made the dollar the world's currency, which it has remained.

Useful: Oil, commodities and much debt trade in dollars because of a 1944 decision.

Source: de.wikipedia.org

DollarGeschichteWaehrung

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Question on this card

What was the dollar pegged to under Bretton Woods?

Silver
The British pound
Gold
A currency basket

Show the answer

Correct: Gold

35 dollars equalled one ounce of gold; all other currencies were pegged to the dollar.

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