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| Category: World Bank - IMF (The Worlds Bailout Bank) |
Submitted by: Ed |
The financial system established at Bretton Woods |
Here are some details about the financial architecture established in 1944 by the Bretton Woods Conference, which European leaders now say needs updating:
* THE CONFERENCE - WHAT DID IT DO?
-- With World War Two drawing to a close and Japan and Europe in ruins, the world's economic elite gathered to build a framework for economic cooperation that would avoid a repetition of the cycle of competitive devaluations that had contributed to the Great Depression of the 1930s.
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Ver:
Date: Oct.16.09 Rating: 0.00
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5.67 KB 
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| Category: World Bank - IMF (The Worlds Bailout Bank) |
Submitted by: Ed |
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Conference at Bretton Woods |
| This Conference at Bretton Woods, representing nearly all the peoples of the world, has considered matters of international money and finance which are important for peace and prosperity. The Conference has agreed on the problems needing attention, the measures which should be taken, and the forms of international cooperation or organization which are required. The agreements reached on these large and complex matters are without precedent in the history of international economic relations |
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Ver:
Date: Sep.09.09 Rating: 0.00
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| Category: World Bank - IMF (The Worlds Bailout Bank) |
Submitted by: Ed |
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Bretton Woods System |
Bretton Woods refers to the international monetary system adopted in July 1944 that established rules for rebuilding the postwar economic order. Though World War II was not yet over, 730 delegates from 44 Allied nations attended the conference at the Mount Washington Hotel in Bretton Woods, N.H., to create a new monetary structure governing the financial and commercial relations among the world’s leading economies. The goal was to avert a replay of the economic disasters of the 1930s.
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Ver:
Date: Sep.09.09 Rating: 0.00
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| Category: World Bank - IMF (The Worlds Bailout Bank) |
Submitted by: Ed |
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World Leaders Pledge $1.1 Trillion for Crisis |
LONDON — Struggling to bridge deep divides over how to revive a paralyzed global economy, the leaders of the world’s largest economies agreed Thursday to bail out developing countries, stimulate world trade and regulate financial firms more stringently. But President Obama conceded that there were “no guarantees” that those measures would reverse the biggest global downturn in six decades.
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Date: Sep.09.09 Rating: 0.00
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