- In 1944, the most powerful countries in the world gathered in a small hotel in sleepy Bretton Woods, New Hampshire, to create a new monetary system for the world
- While the Bretton Woods system has long been discarded, today we find ourselves in a similar position as the allied nations did back then.
In 1944, the most powerful countries in the world gathered in a small hotel in sleepy Bretton Woods, New Hampshire.
World War II was drawing to a close, and the Allies had come together for one purpose:
Creating a new monetary system for a new world.
After 22 days of intense deliberation, the conference settled on a monetary system with the US dollar at the center.
The Allies also created the International Monetary Fund (IMF) and the World Bank to uphold global financial security and oversee fair trade practices.
While the Bretton Woods system has long been discarded, today we find ourselves in a similar position as the allied nations did back then.
Our monetary system is not working.
Governments around the world are in a race to the bottom to debase their currencies. Trade wars are breaking out. Inequality is worse than it has ever been.
The end of the US dollar’s status as reserve currency is no longer a question of if, but of when.
So now the question is: What is the future of money?
During a conference hosted by Blockworks at the very same historic hotel in Bretton Woods, today’s foremost economists, investors, academics and thinkers will gather for three days and attempt to answer that question and consider:
- The history of money itself
- An overview of the short- and long-term debt cycles
- Today’s financial plumbing
- The complicated relationship between the US and China
- Bitcoin and the promise of a new monetary system
It has never been more important to ask these questions than it is today. Be part of the conversation and the solution. Join us for Bretton Woods: The Realignment (August 11-13, 2021). Apply to attend here.