Friday, June 22, 2007

1st Trip to the White Mountains: Bretton Woods United Nations Monetary and Financial Conference Site (Whee!)


I'm posting this for all the IMF and World Bank fans that read the blog. The Mount Washington Hotel is where delegates from all over the world met during WWII to decide world financial policy. Right inside those walls are where they created the World Bank, adjustable peg rates, required that currencies be convertible for trade and related account transactions, and made member countries accountable to subscribe to IMF's capital. (Thanks Wikipedia!) Seriously, though, it was a very important conference that brought economic stability to the post-WWII world and it took place in a very beautiful hotel in the White Mountains. (Go New Hampshire!)

"The economic health of every country is a proper matter of concern to all
its neighbors, near and far."

Franklin Roosevelt speaking at the Bretton Woods Conference


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