This dollar based fixed exchange rate system gave rise to a long period of economic recovery and growing openness of both international trade and capital flows in and out of more and more countries. O A. The Gold Standard, 1860 - 1914 O B. The Bretton Woods Era, 1945 1971 OC. The Interwar Years , 1914 1945 OD. The Floating Era, 1971 - 1997