Modern Europe-Recovery and Unity-1945-2000
Taco24 on 05/16/2008
|Background-The postwar political and economic framework was partially established during the Bretton Woods Conference in 1944. The General Agreements of Tariff and Trade (GATT) sought to stimulate international trade by lowering tariffs and other trade restrictions. Between 1958 and 1971 the value of national currencies were based on gold and the U.S. dollar. The International Monetary Fund (IMF) was designed to provide short term loans to struggling countries to prevent economic crisis and anarchy. This body became instrumental in the post-war economic boom. The World Bank provided long-term loans to countries for economic growth. The United Nations was established in 1945. The framework had been agreed to during WWII by the Allies at the Yalta Conference in February, 1945. This body consisted of the Security Council of twelve members (including five permanent members) that had the authority to actively maintain peace throughout the world. The permanent members consisted of the victors in WWII: U.S., Soviet Union, Great Britain, France, and China. The General Assembly included virtually every nation in the world. This body had the power to advise but could not enforce its recommendations. |
This quiz does not pertain to issues involved in the Cold War. The primary purpose is to relate issues involved in recovery and unity. Good luck!
Sources: My notes
Image: EU Flag
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