The Bretton Woods Conference took place 75 years ago, establishing many of the most important institutions that have allow the global trading and financial systems to prosper in the years since. Institutions such as the International Monetary Fund, the World Bank and eventually (considered but not negotiated at Bretton Woods) the General Agreement on Tariffs and Trade which would evolve into the World Trade Organization began at that fateful meeting in New Hampshire, USA. Explain the importance of any one of these institutions and the contributions that it has made to the global economy over the past three-quarters of a century. Is your chosen institution as necessary today as it was when it was created?

Please provide thorough long explanation with examples to your thoughts and opinion