The Battle of Bretton Woods: John Maynard Keynes, Harry Dexter White, and the Making of a New World Order (Council on Foreign Relations Books (Princeton University Press))

by Benn Steil

1934, the world was mired in depression. U.S. gross domestic product was 28 percent lower than it had been at the start of the decade.17 Trade had plummeted 29 percent.18 Unemployment had soared to 22 percent.