Practice End Of Bretton Woods And The Beginning Of ‘globalisation’ (3.4.4)

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6 sample questions

Question 1.
What was Bretton Woods?
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Think about which country the dollar was tied to.
Question 2.
Define floating exchange rates.
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How do these rates change?
3Question 3.
What led to the end of the Bretton Woods system?
- High inflation
- Rising overseas costs
- International cooperation
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Think about what ultimately created pressure on the U.S. dollar.
4Question 4.
True or False: The floating exchange rate allows for direct government intervention.
- True
- False
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Consider how currency values are set.
Question 5.
Evaluate the sustainability of international debt among developing nations after transitioning from Bretton Woods. What economic strategies could mitigate these issues?
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Consider how countries like China developed alternative local economies.
Question 6.
How did the movement of MNCs into low-wage countries impact socio-economic conditions in those countries?
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Think about the balance between job creation and worker rights.

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