Bretton Woods Monetary Agreements Ratified

The Bretton Woods monetary agreements were ratified with Acting Secretary of State Dean Aitchison officiating. The pact, drafted by Secretary of the Treasury Morgenthau and Harry D White, was signed by representatives from 28 nations, including Belgium, Canada, China, France, the United Kingdom, and the United States. Secretary Fred M Vinson highlighted the significance of the $18 billion program, emphasizing the years of work that led to the establishment of international funding banks. These institutions aim to promote peace and prosperity through global cooperation.

Who officiated the signing of the Bretton Woods monetary agreements?

• Lester B Pearson

• Fred M Vinson

• Harry D White

• Dean Aitchison

Which country was represented by Lester B Pearson during the signing?

• Belgium

• Canada

• China

• France

Who endorsed the Bretton Woods document for the United Kingdom?

• Harry D White

• Fred M Vinson

• Earl of Halifax

• Dean Aitchison

What was the total value of the program highlighted by Fred M Vinson?

• $20 billion

• $18 billion

• $10 billion

• $15 billion

What was the primary goal of the international funding bank established by the Bretton Woods agreements?

• To increase military spending

• To promote global trade

• To serve as a tool for peace

• To establish a new currency