!!! Overview
[{$pagename}], formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44  [Allied nations|https://en.wikipedia.org/wiki/Allies_of_World_War_II] at the Mount Washington Hotel|https://en.wikipedia.org/wiki/Mount_Washington_Hotel], situated in [Bretton Woods|https://en.wikipedia.org/wiki/Bretton_Woods,_New_Hampshire], [New Hampshire|https://en.wikipedia.org/wiki/New_Hampshire],  [United States], to regulate the [international monetary and financial order|https://en.wikipedia.org/wiki/International_monetary_systems] after the conclusion of [World War II|https://en.wikipedia.org/wiki/World_War_II].


The [{$pagename}] system required countries to guarantee convertibility of their currencies into [United States Dollar] to within 1% of fixed parity rates, with the dollar  [convertible to gold bullion|https://en.wikipedia.org/wiki/Gold_standard] for foreign governments and [central banks|https://en.wikipedia.org/wiki/Central_bank] at US$35 per [troy ounce|https://en.wikipedia.org/wiki/Troy_ounce] of fine gold (or 0.88867 gram fine gold per dollar). 

[{$pagename}] also envisioned greater cooperation among countries in order to prevent future [competitive devaluations|https://en.wikipedia.org/wiki/Competitive_devaluation], and thus established the [International Monetary Fund] ([IMF) to monitor exchange rates and lend reserve currencies to nations with [balance of payments|https://en.wikipedia.org/wiki/Balance_of_payments] deficits.

[{$pagename}] set up a system of rules, institutions, and procedures to regulate the [international monetary system|https://en.wikipedia.org/wiki/International_monetary_system], these accords established the [IMF] and the International Bank for Reconstruction and Development (IBRD), which today is part of the [World Bank Group]. 

The [United States], which controlled two-thirds of the world's gold, insisted that the [{$pagename}] rest on both gold and the [United States Dollar].

[{$pagename}] was held from July 1 to the 22, [1944|Year 1944]


!! More Information
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* [#1] - [Bretton_Woods_Conference|Wikipedia:Bretton_Woods_Conference|target='_blank'] - based on information obtained 2018-10-16