Changes

===Conclusion===

The Bretton Woods System proved to be an extremely successful vehicle that brought economic stability to the world after the chaos of World War II. For a short time, the world witnessed incredible economic growth, low unemployment, and a much lower wealth gap due to the this system. But the Bretton Woods system collapsed overnight due to a number of factors. The reliance on gold allowed some members to manipulate the system, while others simply did not follow some of the rules, especially regard the devaluation of currencies. There was also a lack of foresight regarding how to fix problems that eventually did arise. In the decades since the collapse of the Bretton Woods System there have been calls to bring it back, or at least some version of it, but it seems more likely that it will remain forever a thing of the past as a teaching tool for economists and historians.

[[Category: United States History]] [[Category: 20th Century History]] [[Category: Economic History]]