The Bretton Woods system XXXXXXXXXXwas an adjustable peg system, with every country fixing their currencies to an anchor currency (the U.S. dollar) and the value of the anchor currency was fixed to...

The Bretton Woods system (19441970) was an adjustable peg system, with every country fixing their currencies to an anchor currency (the U.S. dollar) and the value of the anchor currency was fixed to gold. It is also called the “gold exchange standard” system.