The Bretton Woods Conference, which established the International Monetary Fund (IMF) and the World Bank, was held in Bretton Woods, New Hampshire, USA, from July 1 to July 22, 1944. Delegates from 44 countries convened to discuss and design a new international monetary system to promote economic stability and cooperation after World War II. The conference resulted in the creation of a framework for fixed exchange rates and established the US dollar as the world's primary reserve currency.
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