The Explorers' Club, № CCCLXXIX

The Gold Standard, Part II: Bretton Woods—The United Nations Monetary & Financial Conference (A.K.A. the "Bretton Woods Conference"); John Maynard Keynes's failed "bancor" proposal & the U.S. dollar as the global reserve currency; the International Monetary Fund & the International Bank for Reconstruction & Development; & fixed, or "pegged," exchange rates.







Commentary: The photographic selections for this episode of "The Explorers' Club" have focused heavily on the Bretton Woods Conference itself because the only way I know visually to represent a fixed exchange rate is through a supply-&-demand graph, a sight that cause the eyes of non-economics to glaze over in incomprehension & dread.

Also, holy smoke!, three hundred seventy-nine episodes? Boy howdy, but time flies!