Both the World Bank and the International Monetary Fund expect the world economy to shrink this year for the first time since World War Two.

VOA: special.2009.03.13

Bretton Woods is where the world leaders met and constituted a post-war world monetary order.

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More than a few observers have dubbed this meeting Bretton Woods II, a reference to the 1944 international conference that established the post-World War II monetary system.

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This guarantee was made by the Gold Reserve Act of 1934, and reaffirmed under the 1944 Bretton Woods agreement for the post World War II international monetary system.

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