[Congressional Record Volume 140, Number 124 (Thursday, August 25, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: August 25, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
          THE 50TH ANNIVERSARY OF THE BRETTON WOODS CONFERENCE

  Mr. GREGG. Mr. President, from October 15 to 17, 1994, at the Mount 
Washington Hotel in Bretton Woods, NH, there will be a conference 
commerating the 50th anniversary of the Bretton Woods Conference held 
at the original site.
  This ``Bretton Woods Revisited'' weekend will feature speakers who 
were present at the original conference recollecting on this momentus 
event in world history, as well as renowned scholars who will comment 
on the historical impact and future role of the institutions created at 
the Bretton Woods Conference--the IMF, the World Bank, and, to a lesser 
extent, the GATT.
  In July 1944, leaders of the world came to Bretton Woods to fashion 
the economic system that was to emerge from the ashes of global 
warfare. The first and most important accomplishment of the 
institutions created at the Bretton Woods Conference was the rebuilding 
of the Western European economies, decimated by the war. That job 
completed, they turned their attention to maintaining the economic 
stability which led to the worldwide boom of the 1950's and 1960's.
  For the past 25 years, these organizations have attempted to 
alleviate poverty and foster increased international trade and economic 
cooperation with sometimes mixed success. However, as the global 
economy expands an emerges from the cold war, these institutions will 
continue to evolve, but will remain critically important to the future 
health of the world economic system.
  Mr. President, as a Senator from New Hampshire, I take great pride in 
the fact the postwar, world economic system was born in my State, and I 
would urge my colleagues to attend this conference at Bretton Woods, or 
visit my State any time and discover the beauty and the history of New 
Hamphire.

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