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what role did john play in bretton woods conference

2006-08-13 00:27:34 · 2 answers · asked by shy pie 2 in Politics & Government Politics

2 answers

In 1942 Keynes was a highly recognised economist and was raised to the House of Lords as Baron Keynes, of Tilton in the County of Sussex, where he sat on the Liberal benches. During World War II, Keynes argued in How to Pay for the War that the war effort should be largely financed by higher taxation, rather than deficit spending, in order to avoid inflation. As Allied victory began to look certain, Keynes was heavily involved, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system. The Keynes-plan, concerning an international clearing-union argued for a radical system for the management of currencies, involving a world central bank, the Bancor, responsible for a common world unit of currency. The USA's greater negotiating strength, however, meant that the final outcomes accorded more closely to the less radical plans of Harry Dexter White.

2006-08-13 00:34:13 · answer #1 · answered by DanE 7 · 1 0

To get the coffee (or tea).

Thank for the history lesson.

2006-08-13 07:39:28 · answer #2 · answered by SPLATT 7 · 0 1

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