The Bretton Woods Agreement remains an important event in world financial history. The two Bretton Woods institutions it established within the International Monetary Fund and the World Bank played an important role in the reconstruction of Europe after the Second World War. As a result, both institutions have maintained their founding goals while serving global government interests in today`s world. 24-13. In 1985, another attempt was made to influence the value of the main currencies. What name did the agreement take? Some 730 delegates from 44 countries met at Bretton Woods in July 1944 with the primary purpose of creating an effective exchange rate system, preventing competitive currency devaluations, and promoting international economic growth. The Bretton Woods Agreement and the Bretton Woods System were at the heart of those objectives. .