Hegemony War In Bretton Woods: John Magnard Keynes And Harry Dexter White

Genc S. , Aydin S.

MODERN JOURNAL OF LANGUAGE TEACHING METHODS, vol.8, no.4, pp.18-23, 2018 (Journal Indexed in ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 8 Issue: 4
  • Publication Date: 2018
  • Page Numbers: pp.18-23
  • Keywords: Bretton Woods, Keynes Plan, White Plan


Countries were obliged to cooperate since financial structure, which had become unsteady by two world wars and Great Depression, was reestablished. For this purpose, Bretton Woods Conference hosted by the USA was conducted by the participation of 44 countries in 1944 which it is called as new order building. Bretton Woods's System demanded requirements of a period and it contributed development of Japan, Germany and many European countries during the period until it lost validity. Effects of Bretton Woods's System have continued by IMF and WB which it was decided they were established by the conference and have been in the position of implementing neoliberal policies in our day. For this reason, purpose of this study is to review Bretton Woods's System shaping capitalism of 20th and 21st century and compare two plans emphasized in the conference. Firstly, process designing Bretton Woods's System is involved through payments system and then conceptual framework of the system is examined.