Welcome

 Exhibition Panels:

 A Time of Crisis and Change

 Atlantic City to Bretton Woods

 The Founding Fathers

 From Around the World

 Breaking the Mold

 Laying the Foundation

 Setting the Pace

 Toward the Future

 Links of interest

Joint Statement
by Mr. de Rato & Mr. Wolfensohn
What is Bretton Woods?

What is Bretton Woods?


The "Bretton Woods Conference," as it has come to be known, was officially called the United Nations Monetary and Financial Conference. Bretton Woods, New Hampshire refers to the Mount Washington Hotel where the Conference was held on July 1-22, 1944. Preliminary drafting for the Conference had been undertaken at a meeting in Atlantic City in June of the same year.

The Conference operated through plenary sessions, commissions and committees. Commission I on the International Monetary Fund was headed by Harry D. White of the United States. Commission II on the Bank for Reconstruction and Development was led by Lord Keynes of the United Kingdom. Commission III on Other Means of International Financial Cooperation was the responsibility of Eduard Suárez of Mexico. The first two Commissions were further divided into Committees where most of the substantive work of the Conference was accomplished.


Commission I on the International Monetary Fund
CommitteesChairs
Purposes, Policies, and Quotas of the FundTingfu F. Tsiang of China
Operations of the FundN.A. Maletin of USSR
Organization and Management of the FundArthur de Souza Costa of Brazil            
Form and Status of the FundManuel B. Llosa of Peru

Commission II on the Bank for Reconstruction and Development
CommitteesChairs
Purposes, Policies, and Quotas of the BankJ. W. Beyen of the Netherlands
Operations of the BankE. I. Montoulieu of Cuba
Organization and Management of the BankMiguel López Pumarejo of Columbia
Form and Status of the BankSir Chintaman D. Deshmukh of India

Fittingly, Arthur de Souza Costa, in his address to Conference President Henry Morgenthau at the conclusion of the meetings, said: "the two institutions which will result from our labors at Bretton Woods are the expression of a success attained by concerted effort, inspired by a single ideal-that happiness be distributed throughout the face of the earth."
 
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