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Creation of League of Nations
The League of Nations is adopted by Paris Peace Conference, its headquarters in Geneva. First secretary-general: Sir Eric Drummond. -
Upper Silesia
The League was given the power to settle the dispute between Germany and Poland over Upper Silesia. They decided to split it into two, and both countries with the people in Upper Silesia accepted this decision. -
League of Nations Boost
A boost was given to the League of Nations when the leading politicians (James Ramsay MacDonald, Arthur Henderson and Edouard Herriot), in Britain and France visited Geneva. -
Mukden Incident
The Japanese army forces bombarded Shanghai, which caused the withdraw of Japan from the league. -
Creation of International Monetary Fund and the World Bank
44 countries were represented at a meeting in Bretton Woods. This is when they established this agreement. -
Creation of the United Nations
UN Charter gets approved by the Majority of the 51 Member States. -
First General Assembly
Held in Central Hall, London, the UN had their first General Assembly with 51 nations represented. -
End of League of Nations
The League of Nations is signed over to the United Nations by Sean Lester, the last Secretary-General. -
IMF's First Customer
IMF's first customer is France, who borrowed 25 million dollars. This opened IMF's operations and established the General Agreement on Tariffs and Trade. -
United Nations Troop Supervision Organization
The UN creates its first peacekeeping operation. -
Human Rights
General Assembly of the UN adopts the Universal Declaration of Human Rights. -
Korean Armistice Agreement
The UN helps South Korea resist attacks from the North with this agreement that the UN command and the Chinese-North Korea Command signed. -
Creation of ESAF
The IMF created the Enhanced Structural Adjustment Facility, which is the central area of the IMF that supports low-income countries. They are responsible for help with lowering the debt of the heavily indebted poor countries. -
The Fall Of The Berlin Wall
The Berlin Wall falls, and IMF helps strengthen Germany's strategies that involve dealing with the country's debt. This enabled the IMF to be a global institution, because the fall of the Berlin Wall marked the dissolution of the Soviet Union. -
The World Trade Organization Creation
The World Trade Organization starts operating in Geneva. They are responsible for establishing rules for global trade that are enforceable and support the economy. -
Battle of Seattle
In Seattle, around 50,000 protestors forced WTO's thurd misterial to shut down for a few days. The poor-country delegates had felt like the U.S. and EU were "bullying" them, therefore called a new round of negotiations for the organization. -
Doha Round
The WTO agreed to launch a "Doha Development Round", which mainly deals with the expansion of agriculture, services, industrial tariffs, and intellectual property rights through trade. -
IMF's Efforts For 9/11
After September eleventh's terroist attacks, the IMF expanded its efforts to combat money laundering and the financing of terrorism. The Deputy Managing Director, Min Zhu, believed that it was a threat to the stability of many country's economy and general welfare. -
WTO Statistics for Future
The WTO announced some statistics to the public: the global trade has shrunk by 9%, and the most negatively affect nations would be the developed ones, which is seen to fall 10%. They predicted the poorer countries would see a fall of 2-3%. -
G20 Meeting
The G20, composed of the major economic powers, meet in Seoul. They discuss 2011 as a "window of opprotunity", which concludes the WTO Doha round.
