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The opening session of the Legaue of Nations took place on 15th November 1920 in Geneva, Switzerland.
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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 whoe 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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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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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 liberalisation.
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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 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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Between 1986 and 1993, 15% of World Bank loans were for projects (such as dams) which forcibly displaced 2 million people.
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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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Conference on Environment and Development, known as the Earth Summit, in Rio de Janeiro, Brazil, in 1992, they turned into real fora for deciding on national and international policy regarding issues that affect everyone such as the environment, human rights and economic development
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GATT treaty signed to create World Trade Organisation (WTO).
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The WTO is commenced on the basis of the multilateral trade trade negotiations and up to 2010, there are 153 countries active.
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At least 30,000 protesters disrupt WTO summit in Seattle, US; New Zealander Mike Moore becomes WTO director-general.
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China formally joins the WTO. Taiwan is admitted weeks later. The WTO is expanding, and gaining more and more members.
