What Led to the Collapse of the Bretton Woods System

question 44

Essay

What led to the collapse of the Bretton Woods system?

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Definitions:

Informal Leaders

Individuals within an organization who influence others through personal forms of power and relationships rather than through formal authority positions.

Emotional Intelligence (EQ)

The ability to understand and manage one's own emotions, and to be empathetic and effective in handling interpersonal relationships.

Social Skills

The abilities that facilitate interaction and communication with others, allowing for effective participation in social settings.

Emotional Maturity

The ability to understand, manage, and express one’s emotions in a healthy and productive manner.