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Describe the economic hardships that Germany suffered in the time period after World War I. What was the political effect of these problems? The Treaty of Versailles imposed heavy reparations on Germany. In 1923, when Germany fell behind in reparations payments, France occupied the Ruhr Valley.
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<span>the answer is opened the floodgates to consumer purchases. </span>
Answer:
The Bretton Woods Agreement, negotiated in July 1944, established a new international monetary system. It was developed by delegates from 44 countries at the United Nations Monetary and Financial Conference held that month in Bretton Woods, N.H. Under the agreement, other currencies were pegged to the value of the U.S. dollar, which, in turn, was pegged to the price of gold. The Bretton Woods system effectively came to an end in the early 1970s, when President Richard M. Nixon announced that the U.S. would no longer exchange gold for U.S. currency.
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