The intent of the SDR system was to prevent nations from buying coupled dollars and selling them at higher market prices and to give nations a reason to hold dollars by crediting interest, while setting a clear limit on the amount of dollars that could be held. The main conflict was that the American role of military defender of the economic system of the capitalist world was recognized, but had no specific monetary value. In fact, other nations have „purchased“ U.S. defense policy by imposing a loss of dollars. They were only prepared to do so as long as they supported American military policy, because of the Vietnam War and other unpopular actions, pro-US fighters. Consensus has begun to evaporate. The SDR agreement actually monetized the value of this relationship, but did not create a market for it. The United States launched the Marshall Plan for the economic recovery of the European Union in order to provide significant financial and economic assistance to the reconstruction of Europe, largely through subsidies rather than loans. The member countries of the Soviet bloc, for example. B Poland, were invited to receive the subsidies, but obtained a favorable agreement with the COMECON of the Soviet Union.
 In a speech at Harvard University on June 5, 1947, U.S. Secretary of State George Marshall stated that the name of the agreement came from the New Hampshire website, where the conference was being held. A total of 730 delegates from all 44 allied nations participated. The agreement did not promote the discipline of the Federal Reserve or the U.S. government. The U.S. Federal Reserve expressed concern about a rise in the domestic unemployment rate due to the depreciation of the dollar. To undermine the efforts of the Smithsonian Agreement, the Federal Reserve lowered interest rates in order to pursue a pre-domestic policy objective of full national employment.
With the Smithsonian agreement, member states expected the dollar to return to the United States, but lower interest rates within the United States have led the U.S. dollar to continue to flow to foreign central banks. The influx of dollars into foreign banks continued the process of monetizing the dollar abroad, beating the objectives of the Smithsonian agreement. As a result, the price of the dollar in the goldless market continued to weigh on its official price; Shortly after the announcement of a 10% devaluation in February 1973, Japan and the EEC countries decided to let their currencies fluctuate. This turned out to be the beginning of the collapse of the Bretton Woods system. The end of Bretton Woods was officially ratified by the Jamaican Agreements in 1976. In the early 1980s, all industrialized countries used floating currencies.   The Bretton Woods Agreement was established in 1944 at a conference of all allied nations of the Second World War. It took place in Bretton Woods, New Hampshire. As part of the agreement, countries promised that their central banks would maintain fixed exchange rates between their currencies and the dollar. If a country`s monetary value became too low against the dollar, the bank would buy its currency back on the foreign exchange markets.