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Out The End Of The Bretton Woods System Er . P>the bretton woods system was formulated by britain and the united states and other countries before the end of world war ii, and it could keep the worldwide hegemony of. A second reason for the end of the bretton woods system was the lack of autonomy to maintain its workings. The End Of Bretton Woods And The Race To The Bottom, 1971 Koos Jansen from www.bullionstar.com Even as the bretton woods monetary system was becoming fully operational at the end of the 1950s, when full currency convertibility was restored, the contradictions within it. Currency came to a crisis in the early 1970s,. The bretton woods agreement is the landmark system for monetary and exchange rate management established in 1944.