P/E/29. áTo what extent can the period 1945-70 be termed the Pax Americana with regard to the management of the international economy

Introduction
The Roman Empire evolved from centuries of hard labour and intellectual economic co-ordination such as their road networks of which the remains that has still survived in Europe and Asia to this present day is no comparison to the development of the Bretton Woods agreement of 1944. Although, the old Bretton Woods agreement had a short life, which lasted from 1944 to 1971, the period of 1945 to 1970 can certainly be termed the áPax American with regard to the management of the international economy. The period as mentioned above with regard to the Bretton Woods agreement is termed áPax American because America was the main driving force behind the management of the international economy. Now, the questions we should be asking are how was America able to lead the international economy and was it successful?