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Bretton Woods

In: International Economic Co-Operation and the World Bank

Author

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  • Robert W. Oliver

Abstract

In April, 1944, when the Joint Anglo-American Statement on the Fund was being prepared, Secretary Morgenthau announced that forty-four nations had accepted his informal invitation to attend a United Nations Monetary and Financial Conference. On May 26, President Roosevelt officially invited forty-three nations1 to such a conference to be held beginning July 1 at the Mount Washington Hotel in Bretton Woods, New Hampshire. Prior to the meetings in June at Atlantic City, there had been doubt that the conference could consider the Bank as well as the Fund, but the harmony at Atlantic City indicated that a Bank plan could probably be negotiated quickly, and the Bank was placed on the Bretton Woods agenda. While discussions concerning the Fund dragged on for nearly two years, basic agreement on the Bank was reached in little more than two weeks!

Suggested Citation

  • Robert W. Oliver, 1996. "Bretton Woods," Palgrave Macmillan Books, in: International Economic Co-Operation and the World Bank, chapter 0, pages 182-210, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14081-7_8
    DOI: 10.1007/978-1-349-14081-7_8
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