Bretton Woods

It is known that once the Second Eurasian War ended in 1945 there was a geopolitical, economic and cultural rearrangement known as the New World Order. This is how the United States emerges as the strongest economy in the world, experiencing rapid industrial growth and strong capital accumulation. This is due, on the one hand, to its alliances with the Nazis in scientific projects such as Operation Paperclip (with which the most brilliant minds of the Third Reich emigrate to the United States), and on the other, to the fact that the United States did not suffer the destruction of the war.

This accumulation of capital was the product of a warlike and manufacturing industry of such growth that, in 1945, the industrial production of the United States doubled the annual production between the years 1935 and 1939. Already in 1944, the United States concentrated about 50% of the world gross domestic product (GDP) with less than 7% of the world population. These statistics were vital so that the Bretton Woods Agreements, held between July 1 and 22, 1944: (1) established the rules for trade and financial relations between the most industrialized countries in the world, created by a part of the World Bank and the International Monetary Fund, which began to function in 1946, thereby agreeing to adopt the dollar as an international reference currency, and (2) the State of Israel is founded in the territory of Palestine (which will see its concretion in 1948).

The Bretton Woods Agreements, with which it was considered that in order to reach peace there had to be a policy of free trade, 44 nations were present. At that time, most of the nations of the so-called third world were still European and American colonies, so they did not have their own representation. Most of their representatives were from Latin America and the Caribbean and their regimes were represented by subjects obedient to Washington's directives. India had not yet achieved full independence and traveled to Bretton Woods as part of the British delegation. Communist countries participated in the conference, but did not ratify the agreements

 

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