To: elmatador who wrote (60365 ) 1/23/2010 9:59:47 PM From: maceng2 1 Recommendation Read Replies (1) | Respond to The post Bretton Woods system: 1971 – presenten.wikipedia.org Generally the industrial nations experienced much slower growth and higher unemployment than in the previous era, and according to Professor Gordon Fletcher in retrospect the 1950s and 60s when the Bretton Woods system was operating came to be seen as a golden age. [14] Financial crises have been more intense and have increased in frequency by about 300% – with the damaging effects prior to 2008 being chiefly felt in the emerging economies. On the positive side, at least until 2008 investors have frequently achieved very high rates of return, with salaries and bonuses in the financial sector reaching record levels Goebbles like spreading of discontent and hatred of a system that tried to help the world economy form after the destructive policies of the 1930's, previous periods, and the chaos of WW2. In REALITY a system that allowed Europe, Japan, China, and Brazil to re emerge as powerful economic powerhouses (amongst many others). siliconinvestor.com
