When turmoil strikes world monetary and financial markets, leaders invariably call for 'a new Bretton Woods' to prevent catastrophic economic disorder and defuse political conflict. The name of the remote New Hampshire town where representatives of forty-four nations gathered in July 1944, in...

On July 1, 1944, less than a month after Allied forces stormed the beaches of Normandy, seven hundred thirty delegates from forty-four nations gathered at the Mount Washington Hotel in Carroll, New Hampshire — an area more commonly known as Bretton Woods. With the White Mountains serving as a...