Word: woodses
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Dates: during 1970-1979
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Not since John Maynard Keynes, Dean Acheson, Henry Morgenthau and politico-economic experts from 45 other countries huddled in the little New Hampshire resort town of Bretton Woods in 1944 has there been a monetary meeting like the one convening in Washington this week. John Connally, the tough but still...
The IMF delegates cannot merely patch up the Bretton Woods system of fixed prices for every currency, based on a fixed relationship between the dollar and gold. President Nixon shattered that illusion on Aug. 15, when he announced that the U.S. would stop selling gold to redeem foreign-held dollars...
These plans at least point to the chief weakness of the Bretton Woods system: its overwhelming dependence on the dollar. Under the old system, the dollar was supposed to be freely convertible into gold. Other nations came to use dollars to pay their trade bills and to hold dollars in...
World Central Bank. Even to negotiate such a system would take years, and there are huge practical and political difficulties. Most important, all the major proposals for basic reform of the monetary system call for nations to surrender an unprecedented degree of money sovereignty to the IMF, which would have...
The man-to-man defense is less effective on sustained drives up the middle of the field, but Scott doesn't expect this to be much of a problem. "With Wilmot and Brian Fearnett or Bob Woods in the center, I don't think our opponents will try going up...