Class 15 Discussion Questions

  1. According to Kindleberger, what is the role of the distribution of power in the maintenance of the international monetary system? How does Kindleberger’s view of the gold standard compare to the views of Lawrence Broz and Jeff Frieden?
  2. What were the major features of the postwar monetary system?
  3. According to Ikenberry, how do we explain the creation of the Bretton Woods System? How does this explanation compare to the type of explanation given by Charles Kindleberger?
  4. Why do you think Nixon “closed the gold window”? What was the significance of this decision?

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