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Robert Cecil's Memorandum
Robert Cecil, a member of the British Government, wrote a memorandum where he said that in order for civilization to survive, there must be an international system that would ensure the peace. -
Woodrow Wilson Peace Negotiations
Woodrow Wilson was horrified of what had happened in World War I, so Woodrow Wilson insisted that his fourteen points, which were a foreign policy intended to be used as the basis for the signing of Armistice. -
Success in Upper Silesia
The Treaty of Versailles had given the people of Upper Silesia the right to vote whether they would like to become part of Germany or Poland. 500,000 voted for Poland, while 700,00 voted for Germany, the close votes lead to riots. So the League of Nations decided to split Upper Silesia between Germany and Poland, which was accepted by both countries and people of Upper Silesia -
Failure in Italy and Albania
In 1923, a mixed nationality survey team was sent out to solve the issue of the border between Italy and Albania. However, the Italian section of the survey team became separated from the main party, and they got shot. Then, Italy accused Greece of the whole thing and demanded payment. Greece refused so Italy sent their navy and persuaded the League of Nations to force Greece to pay. -
Creation of World Bank
The World Bank is an international financial institution which gives loans to developing countries in order for them to develop captial programs. The offical goal of the World Bank is poverty reduction. -
Creation of International Monetary Fund
The IMF was created and it was made in order to ensure international financial peace and stability. -
United Nations Formation
The United Nations was formed in order to bring all nations of the world to peace and development, based on the principles of justice, human dignity and the well-being of all people. There were only 51 nations in the United Nation when it first came to being -
International Monetary Fund Official
Even though the IMF was created more than a year before it finally became offical with the signing of the Articles of Agreement. -
League Of Nations Decline
The League of Nations did not meet during the Second World War. The responsibilities of the League of Nations was transferred to the United Nations in 1946. The League of Nations was dissolved mainly because it could not solve the issues that arose in the 1920's and 1930's, because it never had its own military force to enforce decisions. -
General Agreements on Tariffs and Trade Signed
The General Areements on Tariffs and Trade (GATT) was signed in order to support the IMF in it's goals. The agreement allows for free trade between nations through the reduction of tariffs and solves trade disputes. -
Discussion of World Trade Organization
In Cuba 56 delegates representing differnet nations negotiated the proposal for an international trade organization. This shows the first official talk of the creatoin of the World Trade Organization. -
World Health Organization Created by UN
The UN created the World Health Organization (WHO), which deals with international and public health issues. UN created another international organization concentrated on health issues, which show one of the UN's success. -
UN Adopts Universal Declaration of Human Rights
The Universal Declaration of Human Rights is a document, which contains rights that all human's should be entitled to, and the United Nations as a maintainer of peace, adopted these basic rights. -
UN tackles Jerusalem
The UN took trusteeship over Jerusalem, which means that they would administrate the territory. The reason for this was because of the conflict over Jerusalem between the Palestinians and the Israelis. The UN was hoping it could remove the conflict between Palestinians and Israelis. -
WTO Kennedy Round of Negotiations
The 6th round of General Agreements was name after President of USA Kennedy. This round was a major success and had achieved tarriff cuts worth $40 billion. -
UN approves of the Nuclear Non-Proliferation Treaty
The United Nations approved of the Nuclear Non-Proliferation Treaty, which prevents the spread of Nuclear Weapons. The NPT has three main ideas; non-proliferation, disarmament, and peaceful use of nuclear technology. -
Special Drawing Right (SDR)
The Special Drawing Right was created by the IMF in order to support Bretton Wood's fixed exchange system. The SDR is assigned to countries according to their IMF loan limits, which is based on the number of significant international currencies. -
IMF Adjusts to New Currency Exchange
Because of the failure of the international gold standard and the fixed exchange rate systen, the IMF had to create a new rule which regards the currency exchange rates. -
World Trade Organization Official
The negotiations of the WTO started in 1986 and continued for 10 years. Although finally the WTO officially came into being. -
China Joins WTO
After 15 long years of negotiation on the General Agreements on Tarriffs and Trade, in December of 2001 China finally joined the WTO.
