Part 2/16:
The 1944 Bretton Woods Conference: The Birth of a New Monetary System
Held at the Mount Washington Hotel in Bretton Woods, New Hampshire, this pivotal conference was officially called the United Nations Monetary and Financial Conference. But it is better known as Bretton Woods, where the architects of a new economic order laid plans to reshape global monetary policy. Leading figures such as British economist John Maynard Keynes, an avowed Fabian socialist, and Harry Dexter White, a key US Treasury official with communist ties, initiated a blueprint for international monetary control. They created two core institutions: the International Monetary Fund (IMF) and the World Bank.