At the end of World War II the gold
standard no longer existed, and between the 1st and 22nd
of July 1944, 730 delegates from the 44 countries that were winning the war
gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire, in the
United States, to redefine a new international monetary order. The outcome of
the Bretton Woods conference was to give the US dollar the role of the only
international currency. It took three weeks, but eventually the Bretton Woods
delegates had to accept the full triumph of the FED. The gold standard was
limited to the dollar which had a fixed value against gold of $35 per ounce.
All other currencies were tied to the dollar with a fluctuation between the
currencies of 10%.
The Vital Needs Theory - page 85