A primary result of the Bretton Woods Agreement was:

establishing specific rules for when tariffs and quotas could be imposed by governments.

establishing that exchange rates of most major currencies were to be allowed to fluctuate freely without boundaries $($although the central banks did have the right to intervene when necessary$).$

establishing that exchange rates of most major currencies were to be allowed to fluctuate $1$ percent above or below their initially set values.

the establishment of the European Monetary System $($EMS$).$