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.

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