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7 The Role of International Organizations in the Bretton Woods System Kathryn M Dominguez With the world at war, participants from each of the Allied countries convened on 1 July 1944 in Bretton Woods, New Hampshire, to create a new interna- tional monetary system The breakdown of the interwar gold standard, and the mutually ,

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Use of regalia and rituals began to diminish or were eliminated In 2003, instead of "Order", the group became the International Organisation of Good Templars

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Post-war, the victorious countries, most notably Britain, gradually restored gold-convertibility, but international flows of gold via bills of exchange remained embargoed; international shipments were made exclusively for bilateral trades or to pay war reparations After World War II gold was replaced by a system of nominally ,

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