What We Can Learn Today From a 1944 Meeting That Reshaped the Entire Global Economy
TIME | Mon, Jul 1, 2019
by Richard Hurowitz
In was just three weeks after D-Day when, on July 1, 1944, delegates of 44 countries descended on a faded Gilded Age resort in Bretton Woods, N.H., with hopes of reforming the entire global financial system.
Many of them believed that system had aggravated the Great Depression and ushered in fascism and war. And their Bretton Woods Conference was a triumphant success, establishing the financial cornerstones of the post-war system. But, 75 years later, that achievement is under threat.