This resulted in a fight between, on one side, several European nations, the American and the Norwegian delegation, led by Henry Morgenthau and Harry Dexter White; and on the other side, the British delegation, headed by John Maynard Keynes and Chase Bank representative Dean Acheson, who tried to veto the dissolution of the bank.
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The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II.
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John Maynard Keynes proposed the ICU as a way to regulate the balance of trade.
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The Original board of directors of the BIS included two appointees of Hitler, Walther Funk and Emil Puhl, as well as Herman Schmitz the director of IG Farben and Baron von Schroeder the owner of the J.H. Stein Bank, the bank that held the deposits of the Gestapo.
The Bretton Woods twins refers to the two multilateral organizations created at the Bretton Woods Conference in 1944.
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Preparing to rebuild the international economic system while World War II was still raging, 730 delegates from all 44 Allied nations gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, for the United Nations Monetary and Financial Conference, also known as the Bretton Woods Conference.
He also supervised the inauguration of the International Bank for Reconstruction and Development and the International Monetary Fund, both created at the Bretton Woods Conference of 1944, acting as the first chairman of their respective boards.
The Bretton Woods system, the international monetary system created at the 1944 Bretton Woods Conference
The Atlantic Charter, drafted during U.S. President Franklin D. Roosevelt's August 1941 meeting with British Prime Minister Winston Churchill on a ship in the North Atlantic, was the most notable precursor to the Bretton Woods Conference.