After World War II left the world’s financial system in disarray, political leaders and financial gurus met at Bretton Woods, New Hampshire, from July 1-22, 1944, to plan the post-war economic order. Economist John Maynard Keynes and the British government proposed the creation of a world currency called the “bancor,” and the U.S. government proposed a world currency to be known as “unitas.” But for a lot of reasons, mostly American reluctance, the schemes never took off. Instead, the Bretton Woods agreement resulted in the U.S. dollar — its value at the time tied to gold — being crowned “the” world reserve currency. (Read More…)
Chronological History of Events Involving Bretton Woods
Vietnam War Ends but the Socially Engineered Hippie and Drug Culture Live On
On April 30, 1975, the Vietnam War ended with the capture of Saigon by Communist forces and the surrender of General Duong Vanh Minh and his cabinet in the Presidential palace. As troops of the People’s Army of Vietnam marched into Saigon, U.S. personnel and the last American marines were hastily evacuated from the roof of the U.S. embassy. Years later a fundamental question still remains ...
The Watergate Break-In: A CIA Coup to Overthrow US President Richard Nixon
On June 17, 1972, a group of burglars, carrying electronic surveillance equipment, was arrested inside the Democratic National Committee offices at 2650 Virginia Avenue, NW, in Washington, D.C., the Watergate building complex. The men were quickly identified as having ties to the Nixon reelection campaign and to the White House. Though at the time the incident got little attention, it would snowball into one of the ...
Bretton Woods Conference: A Step Towards Global Currency and a New World Order
After World War II left the world’s financial system in disarray, political leaders and financial gurus met at Bretton Woods, New Hampshire, from July 1-22, 1944, to plan the post-war economic order. Economist John Maynard Keynes and the British government proposed the creation of a world currency called the “bancor,” and the U.S. government proposed a world currency to be known as “unitas.” But for a ...
