How is the United Nations Monetary and Financial Conference wherein the agreements were signed to set up IBRD, GATT and IMF, commonly known?
- ABandung Conference
- BBretton Woods ConferenceCorrect
- CVersailles Conference
- DYalta Conference
Explanation
The correct answer is B because the United Nations Monetary and Financial Conference took place in July 1944 at the Mount Washington Hotel in Bretton Woods, New Hampshire. This meeting of 44 nations led to the creation of the International Bank for Reconstruction and Development, now part of the World Bank, and the International Monetary Fund. While the General Agreement on Tariffs and Trade was formally signed later in 1947, its foundations and the desire for a regulated international trade system were established during these discussions. The institutions created here are collectively known as the Bretton Woods twins.
The other options are incorrect because the Bandung Conference focused on Afro Asian solidarity, the Versailles Conference ended World War I, and the Yalta Conference dealt with the post World War II reorganization of Europe.
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