Global recession spreading – time to be cautious |
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In 1944, our country had recently emerged from the Great Depression and was in the middle of World War II when 730 delegates from 44 Allied nations met in Bretton Woods, New Hampshire. Those global leaders had come together to develop a monetary system to govern the financial relationships between the world's largest economies. They set up a system of rules, institutions, and procedures. And they created the World Bank, the International Monetary Fund (IMF), and the forerunner of the World
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