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The demise of the Bretton Woods system of fixed exchange rates was a milestone event that marked the end of a prolonged period of low inflation, strong economic growth and financial stability. By the early 1980s, all industrialised states were using floating currencies
Bretton Woods Agreement Overview, History, Significance The system lasted from 1945 until 1973 and is thought of by many economists and historians as the primary reason for the peace and prosperity of the mid-twentieth. The system lasted from 1945 until 1973 and is thought of by many economists and historians as the primary reason for the peace and prosperity of the mid-twentieth. The dollar could not maintain its value in relation to gold
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