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In 1917 America entered World War I after staying neutral at first, this war is considered one of the reasons why the League of Nations was later created and established.
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The opening session of the League of Nations took place on 15th November 1920 in Geneva, Switzerland.
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The League of Nations helped resolve a territory dispute between both Sweden and Finland. This result still holds today as Finland has possession of the islands yet has no military on it.
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The League of Nations faced a fresh crisis in September 1931 when the Japanese Army occupied large areas of Manchuria, a province of China. The Chinese government appealed to the League of Nations under Article 11 of the Covenant. China also appealed to the United States as a signatory of the Kellogg Pact.
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Germany withdrew itself from the League after being a member for only seven years.
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The League of Nations was formed on September 28th 1934. It was the first permanent international organization whose principal mission was to maintain world peace.
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The USSR leaves the League after being a member for only five years.
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Due to the invasion, Russia was expelled from the League of Nations; this action displayed the ineffectiveness of the organization, as this had minimal impact on Russia and failed to stop the invasion.
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Representatives of China, the UK, the US and the USSR meeting at Dumbarton Oaks in Washington, DC, prepared a blueprint for an international organization.
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Conference lasted from 1st of July to 22nd of July and is commonly known as the Bretton Woods Conference, at the conference the establishment of the IMF, GATT and IBRD were created.
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The IMF is formed on July 22nd 1944 to maintain stability of the international monetary system.
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The United Nations officially came into existence on October 24th 1945. The purpose of the United Nations is to bring all nations of the world together to work for peace and development, based on the principles of justice. The day is now celebrated around the world each year as United Nations Day.
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The International Bank for Reconstruction and Development, also known as the World Bank, were officially established. The original purpose of the World Bank was to grant loans to rebuild Europe after the war. Both institutions worked in conjunction with the Marshall Plan for the redevelopment and economic stabilization of Europe.
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23 countries sign the General Agreement on Tariffs and Trade (Gatt) in Geneva, Switzerland, to try to give an early boost to trade liberalization.
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The U.N. has also made great strides in raising the consciousness of human rights beginning with the “Universal Declaration of Human Rights” adopted by the General Assembly in 1948.
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The International Development Association was created in order to aid the world's poorest countries. The association provides interest free loans to countries in order to provide money that can be used to help build infrastructure and economy.
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The PRC took the ROC's seat in the United Nations; the PRC became a member of the Security Council.
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The IMF imposed a SAP in Yugoslavia which devalued their currency. The inflation that came as a result is considered a contributing factor to the already tense environment of ethnic tension and nationalism which has led to the current conflict throughout the region.
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The U.N. Peace-Keeping Forces received the Nobel Prize for Peace.
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In a 1990 evaluation report, it was found that projects in the Northeast of Brazil benefited 100,000 owner companies while excluding most of the targeted 3 million low-income families from credit and agricultural services, as well as from the design of projects.
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After the dissolution of the Soviet Union, the Russian Federation joined the United Nations security council.
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Conference on Environment and Development, known as the Earth Summit, in Rio de Janeiro, Brazil, in 1992; they turned into real form for deciding on national and international policy regarding issues that affect everyone such as the environment, human rights and economic development.The First Earth Summit was an important step by the United Nations to identify climate change and global warming as a serious threat.
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The United Nations approved military intervention in Somalia in a attempt to stabilize the famine stricken and lawless country. The movie Black Hawk Down portrays some events that occurred during part of the operation.
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The Uruguay round were meetings done through the World Trade Organization that reduced tariffs and helped promote global trade. This conference effectively transformed the GATT into the WTO.
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The WTO is commenced on the basis of the multilateral trade negotiations and up to 2010, there are 153 countries active.
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China became the 143rd country to join the world trade organization.
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The meeting in Hong Kong displayed the overall ineffectiveness of the World Trade Organization; very little was accomplished and the agenda from the Doha round was still debated and argued about.
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The Climate Investment Funds were created by the World Bank in order to further and help establish needed renewable energy infrastructure and materials.
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The United Nations established a mission that would help rebuild Libya after the Libyan Civil War.
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The World Bank and IMF are pressured by the United Nations as part of their millennium development goals in a attempt to fight poverty, death, famine and to drop 55 billion dollars in debt that developing nations owed the two banks.
