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Booming World Economy

Not withstanding the destruction and death the world economy once again recovered, to race ahead with renewed pace. Economic boom depended on mass-production, mass-production depended on mass-consumption, mass-consumption depended on high income and high income was only possible with steady , full employment.

The economic progress of a country also depended on its economic links with the outside world, the flow of goods, capital and labor.

A financial conference was held at Bretton Woods to chalk out the strategies required to promote Global economy.

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