The Bretton Woods System aimed to establish a fixed exchange rate system, where the value of each country's currency was pegged to the US dollar, which was in turn pegged to gold.

The US dollar was chosen as the reserve currency under the Bretton Woods System due to the United States' strong economic position and the dominance of the dollar in international trade.

The official gold price was set at $35 per ounce under the Bretton Woods System.

The Bretton Woods System employed a system of fixed exchange rates, where the value of each country's currency was pegged to the US dollar.

The IMF was established to provide financial assistance to countries facing balance of payments problems and to promote international monetary cooperation.

The World Bank was established to provide loans for infrastructure projects and to promote economic development in developing countries.

The Bretton Woods System helped to promote international trade by providing a stable and predictable monetary environment.

The Bretton Woods System helped to promote economic growth by providing a stable and predictable monetary environment and by facilitating international trade.

One of the main criticisms of the Bretton Woods System was that it was too rigid and did not allow for flexibility in exchange rates, which made it difficult for countries to adjust to economic shocks.

The oil crisis of 1973 led to a sharp increase in the price of oil, which put pressure on the US dollar and ultimately led to the collapse of the Bretton Woods System.

The Jamaica Agreement, signed in 1976, replaced the Bretton Woods System and established a system of floating exchange rates.

The Jamaica Agreement allowed countries to choose their own exchange rate regime, including fixed exchange rates, floating exchange rates, or a combination of both.

The Jamaica Agreement provides greater flexibility for countries to adjust to economic shocks, promotes international trade and economic growth, and reduces the risk of currency crises.

The Jamaica Agreement can lead to greater volatility in exchange rates, make it more difficult for countries to coordinate economic policies, and increase the risk of currency crises.

The international monetary system today faces a number of challenges, including the rise of cryptocurrencies, the increasing interconnectedness of the global economy, and the growing inequality between countries.