What is meant by the Bretton Woods Agree | Class 10 Social Science - India an the Contemporary World - II Chapter The Making of a Global World, The Making of a Global World NCERT Solutions

Question:

What is meant by the Bretton Woods Agreement?

Answer:

The Bretton Woods Agreement was finalised in July 1944 at Bretton Woods in New Hampshire, USA. It established the International Monetary Fund and the World Bank to preserve global economic stability and full employment in the industrial world. These institutions also dealt with external surpluses and deficits of member nations, and financed post-war reconstructions.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about The Making of a Global World.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

Comments

Comment(s) on this Question

Welcome to the NCERT Solutions for Class 10 Social Science - India an the Contemporary World - II - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 5: What is meant by the Bretton Woods Agreement?....