Which actions were taken after WWII to help ensure that an economic crisis like the Great Depression would not occur again? Chec
k all that apply. Agreements were signed to remove links between currencies. The General Agreement on Tariffs and Trade was overturned in 1971. The Bretton Woods Agreement created a system to connect the world’s currencies. The General Agreement on Tariffs and Trade reduced trade barriers. Countries created formal agreements to increase trade barriers.
The Bretton Woods Agreement created a system to connect the world´s currencies.
The General Agreement on Tariffs and Trade reduced trade barriers.
Explanation:
The Bretton Woods Agreement established a new monetary system between 44 countries. Other currencies were pegged to the values of the U.S. dollar, which, was pegged to the price of the gold.
The General Agreement on Tariffs and Trade or GATT is the predecessor of the World Trade Agreement. It was a legal agreement between many countries to promote international trade by reducing or eliminating trade barriers like tariffs or quotas.
