Eⅴ olution of the International monetary system o Bimetallism: Before 1875 o Classical Gold Standard: 1875-1914 Interwar period 1915-1944 o Bretton Woods System: 1945-1972 o The Flexible Exchange rate Regime: 1973 Present McGraw-Hilylrwoin 2-2 Copyright@ 2001 by The McGraw-Hill Companies, Inc. All rightsMcGraw-Hill/Irwin Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 2-2 Evolution of the International Monetary System ⚫ Bimetallism: Before 1875 ⚫ Classical Gold Standard: 1875-1914 ⚫ Interwar Period: 1915-1944 ⚫ Bretton Woods System: 1945-1972 ⚫ The Flexible Exchange Rate Regime: 1973- Present