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IMF - Meant to stabilize world currencies (USSR excluded from IMF); World Bank - Creditor to all nations
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General Agreement on Tariffs and Trade - Against tariffs; US tries to establish world free trade;
Results in regional protectionism -
Financial aid meant to be put towards the reconstruction of Europe and to prevent communism from spreading
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Formed to help administer the Marshall Plan in Europe
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Meant to create a common market for coal and steel; France, Italy, W Germany, Benelux, and UK; precursor for the ECSC
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France, Italy, W Germany, and Benelux (No UK)
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Treaty of Rome forms EEC; also called Common Market; a pre-cursor to the EU France, West Germany, Italy, Benelux countries The EEC contested with the EFTA
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Meant to develop nuclear energy
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Austria, Denmark, Norway, Portugal, Sweden, Switzerland and the United Kingdom (The Outer 7) sign to abolish tariffs
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UK and Denmark leave in 1973;
Portugal leaves in 1986;
Austria, Sweden, and Finland leave in 1995;
Only Switzerland and Norway of the founding members remain -
UK + US too close, according to De Gaulle
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Closer cooperation in political and international matters; had permanent structures: Council of Ministers
European Parliament
European Commission
Court of Justice -
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Dealt with foreign policy cooperation and worked towards a single market
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Dealt with more issues than GATT; dominated by developed countries
