What Effect Did the Bretton Woods System Have on Globalization

question 17

Multiple Choice

What effect did the Bretton Woods system have on globalization after World War II?

• A) It established rules for commercial and financial dealings among major capitalist countries.
• B) It placed political controls on the economic activity of countries within the communist bloc.
• C) It created processes that made the globalized economy subject to public accountability.
• D) It restricted the global movement of capital,increased tariffs,and subsidized state-run enterprises.

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Definitions:

Investment

The action or process of allocating resources, usually money, with the expectation of generating an income or profit.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay their outstanding debts.

Government Regulation

Laws and rules imposed by government bodies intended to control or govern conduct and ensure compliance within various industries.

Advantage

Refers to a condition or circumstance that puts one in a favorable or superior position relative to competition or a given situation.