What was the purpose of the Bretton Woods Conference held in 1944?

The Bretton Woods Conference, held in July 1944, aimed primarily to promote economic cooperation among nations in the post-World War II era. Delegates from 44 countries gathered to address the need for a stable financial system that could prevent the economic instability experienced during the interwar period, which contributed to the rise of fascism and the outbreak of the Second World War.

At the conference, key institutions were established, including the International Monetary Fund (IMF) and the World Bank, both designed to ensure international monetary stability and foster economic growth. The focus was on creating mechanisms for collaboration and support among nations, thereby laying the groundwork for a more integrated global economy. This emphasis on economic stability and cooperation was recognized as essential for maintaining peace and promoting prosperity in the aftermath of the war.

While the conference did touch on aspects related to military concerns and other global issues, its primary objective was to forge a cooperative international economic framework. This distinguishes it from options related to military alliances, a global currency, or conflict resolution specifically in Asia.