Q22 Describe any five factors that led to the end of Bretton Woods system and beginning of globalization - Social Science - The Age of Industrialisation

Question

Q 22   D e s c r i b e   a n y   f i v e   f a
c t o r s   t h a t   l e d   t o   t h e
  e n d   o f   B r e t t o n   W o o d s
  s y s t e m   a n d   b e g i n n i n g   o f
  g l o b a l i z a t i o n ?

Rashmi Sharma · Accepted Answer

Dear student,

Please find below the solution to the asked query

The following points may help you-

The end of Bretton wood happened when Us declared that USD can
not be converted into gold ,under Bretton wood system currencies of
all other nations were pegged to USD and there was fixed exchange
rate system in the world
The failure of this system can also be attributed to great
depression when financial disease of one country spread to whole
world due to pegged up exchange rates
Then came the Keynesian revolution and emergence of macro
economics which not only pulled out the world out of depression but
gave various suggestions and policies to maintain better economic
health in future

Hope this information will clear your doubt about the
topic

Regards

Q 22 D e s c r i b e a n y f i v e f a c t o r s t h a t l e d t o t h e e n d o f B r e t t o n W o o d s s y s t e m a n d b e g i n n i n g o f g l o b a l i z a t i o n ?

$Q 22 D e s c r i b e a n y f i v e f a c t o r s t h a t l e d t o t h e e n d o f B r e t t o n W o o d s s y s t e m a n d b e g i n n i n g o f g l o b a l i z a t i o n ?$