How it works
The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world's major industrial states in the mid-20th century. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states. The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate by tying its currency to gold and the ability of the IMF to bridge temporary imbalances of payments. Also, there was a need t..
Let's look at how the banking system works. Bill Still lays out the history of banking in this comprehensive documentary. It is an older report but do not let that fool yah. The history is solid and well documented. ..
Schoolhouse Rock: America - I'm Just a Bill Music Video..
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