iarjhcsIARJHCSIARJHCS2709-3336https://doi.org/10.47310/iarjhcs.2022.v03i02.007Rebuilding Globalization: The Bretton Woods SystemAnasuyaAdhikariBirbalSahaDepartment of Education, Sidho-Kanho-Birsha University, Purulia, West Bengal, IndiaAllied policymakers, headed by the Americans and the British, began to think about how to avoid the blunders of the interwar years, which harmed mutually beneficial collaboration and globalization and inevitably led to economic and military strife between states. The United States, as the world's most powerful and influential political economy, dominated the emergence of new spirit of the system for the postwar world economy. The United States took the role of liberal hegemony in the system. Policymakers in the United States, both public and private, established policies, institutions, and processes that supplied crucial common goods and served as scaffolding for the rise of interstate cooperation, global capitalism, and globalization, particularly in the financial sector. The Soviet Union would establish a rival zone of influence with vastly different methods to resource aggregation and distribution, capital, goods, and labor. The research endeavor is an attempt to speculate into the Bretton Woods system and the later corollary into other monetary policies and organizations creating a landmark in history of economic and national development.