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Article: What emerged from N.H.'s woods in '44.(Then & Now: 100th Anniversary 1908-2008)
- Article from:
- ABA Banking Journal
- Article date:
- August 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The D-Day landings in Normandy had just occurred, and the last stand of the Third Reich, the Battle of the Bulge, was still months away. Yet, Allied planning was well under way for the postwar world. And one of the key elements of that planning was money.
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Many of the roots of the war had begun in money issues, ranging from the crippling hyperinflation that aided Hitler's rise to power in Germany to the advent of the worldwide Great Depression. The discussions that would, after much preliminary planning and maneuvering, ensue at the Bretton Woods, N.H., World Monetary Stabilization Conference, in July 1944, were esoteric. Yet they ...