1944 In July, 730 representatives from 44 countries including China, the United States, the Soviet Union and France held an international monetary and financial conference in Bretton Woods, New Hampshire, USA. Under the manipulation of the United States, the meeting adopted the Bretton Woods Agreement. Under this system, the dollar has gained the special status of "equal to gold", and the capitalist monetary system centered on the dollar is the Bretton Woods system.

According to the requirements of the agreement, 1945 established the World Bank and announced the establishment of the International Monetary Fund in the same year. The funds of the World Bank and the International Monetary Fund (hereinafter referred to as IMF) come from the shares subscribed by member countries, and the number of shares is determined by the relative economic strength of each country. The voting rights of member countries are directly proportional to the subscribed shares.

Simply put, economic strength determines the voting rights of member countries in the World Bank and IMF.

The World Bank, the International Monetary Fund and the General Agreement on Tariffs and Trade (later WTO) are the major world economic organizations after World War II, which constitute the three pillars for adjusting the world economy, trade and finance.

Therefore, whoever dominates these organizations will have greater influence on the international financial situation. Financial relations are an important part of national interests, and national interests are the leading factors in diplomacy. The cooperation conflicts between countries constitute the main system of the world, and the IMF and the World Bank have influenced the world system in this way.

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