United Nations Monetary and Financial Conference ||This article
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The United Nations Monetary and Financial Conference, commonly
known as the Bretton Woods conference, was a gathering of 730
delegates from all 44 Allied nations at the Mount Washington
Hotel, situated in Bretton Woods, New Hampshire, United States,
to regulate the international monetary and financial order after
the conclusion of World War II. The conference was held from 1
to 22 July 1944, when the agreements were signed to set up the
International Bank for Reconstruction and Development (IBRD),
the General Agreement on Tariffs and Trade (GATT), and the
International Monetary Fund (IMF) Purposes and goals  The
Bretton Woods Conference took place in July 1944, but did not
become operative until late December 1958, when all the European
currencies became convertible. Under this system, the IMF and
the IBRD were established. The IMF was developed as a permanent
international body. The