Why Did the Bretton Woods System Succeed

question 45

Multiple Choice

Why did the Bretton Woods System succeed?

• A)Fixing all currencies to the unchanging gold standard caused economic prosperity for all of the major countries.
• B)The World Trade Organization facilitated cooperation by providing monetary support during crises.
• C)The economic,political,and military interests of Western nations coincided.
• D)The monetary system received support from both of the superpowers,the United States and the Soviet Union.

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Definitions:

Case-or-Controversy Requirement

A constitutional principle that federal courts can only hear actual, ongoing cases or controversies, ensuring that courts do not overstep their boundaries into the realm of advisory opinions.

Advisory Opinions

Non-binding judgments given by courts or legal authorities on questions of law or policy, often requested before formal legal action is commenced.

Courts

Governmental institutions authorized to hear and decide on legal disputes and administer justice in legal cases.

Judgments

Official decisions or conclusions by a judge or court regarding the legal matters at hand.