The Bretton Woods System Failed in 1971 Due To

question 18

Multiple Choice

The Bretton Woods System failed in 1971 due to:

• A) high rates of inflation in the U.S.
• B) greater mobility of capital across international borders.
• C) the desire on the part of participating countries to have an independent monetary policy.
• D) all of the reasons given are correct.

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Definitions:

Behavioral Processes

The mechanisms underlying observable actions or reactions of living organisms, often studied in psychology and behavioral sciences.

Edward Titchener

A psychologist who founded structuralism, an early school of psychology, and introduced the method of introspection.

Structuralism

An approach in various academic disciplines that explores the relationships between fundamental elements of some kind, assuming that the complex phenomena under investigation can be understood by analyzing these elements.

Humanistic Psychology

A psychological perspective which emphasizes individual potential and stress the importance of growth and self-actualization.