ECONOMICS: Bretton Woods

Bretton Woods, the United Nations' master plan for orderly international trade, was just a year old. Of the 44 drafting nations, not one had either accepted or rejected the proposals. Forty-three waited for the U.S. to act.

This week final U.S. action was in sight. The-House had already passed a Bretton Woods bill; now the Senate had taken it up. Ahead was a test of two great issues: 1) could international cooperation of a very difficult kind be translated from oratory into practice? 2) could world trade be returned to free enterprise?

Although the discussion...

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