The main and main objective of the agreement was to establish a monetary system that was not as rigid as the gold standard, but as stable as the gold standard. Post-war global capitalism suffered from a huge shortage of dollars. The U.S. had huge trade surpluses, and U.S. reserves were huge and growing. It was necessary to reverse this river. Although all nations wanted to buy American exports, the dollars had to leave the United States and be available for international use so that they could do so. In other words, the US should reverse the imbalances in global prosperity by presenting a trade deficit financed by FLOWS of US reserves to other nations (US financial balance deficit). The U.S. could have a financial deficit, either by importing, building facilities, or donating to foreign nations. Remember that speculative investment was discouraged by the Bretton Woods agreement…