Tag: Bretton Woods system

• Monday, August 16th 2021 - 19:48 UTC

  How a secret meeting in August 1971 transformed the global economy

  

  By Atish Rex Ghosh (*) - History is a confluence of underlying forces and specific triggering events. Think of the start of World War I: economic, imperial, and nationalistic tensions that had simmered for years exploded into open conflict when Archduke Franz Ferdinand’s motorcade took a wrong turn, putting him in the path of an assassin’s bullet.