Correct Answer:
B. International Monetary System
The Bretton Woods system was established in 1944 at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. Its primary objective was to create a new global International Monetary System to regulate monetary and financial relations among countries after World War II. This system led to the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), now part of the World Bank Group, aiming to stabilize exchange rates and promote international trade.
- Economic System is too broad; Bretton Woods specifically focused on monetary aspects.
- To promote technology and To create a global military alliance were not objectives of the Bretton Woods system.