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United States president Woodrow Wilson delivers a speech intedning to assure the country that the Great War was being fought for moral and just reasons.
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The constitution of the League of Nations was adopted by the Paris Peace Conference.
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Brazil becomes the first of the founding states to withdraw from the League of Nations.
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Japan leaves the League of Nations
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Italy leaves the League of Nations
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Egypt becomes the last state to join the League of Nations
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Conference held where the IMF was formed to discuss the campaign "50 Years is Enough".
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The founding plans of the International Monetary Fund are laid to combat economical instability since the 1930s.
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The United Nations is formed due to the failure of the League of Nations.
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The International Monetary Fund is officially established.
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The League of Nations has dissolved and disbanded due to its inability to prevent another global conflict and the lack of major nations as members.
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The U.N. makes great contributions to raising the consciousness of human rights beginning with the "Universal Declaration of Human Rights".
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The IMF imposes a SAP in Yugoslavia which devalued the dinar. The resultant inflation 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 IMF uses "economic shock therapy" to introduce capitalism into previous command economies. In the case of Poland, unemployment rose from 0% in 1990 to 15% by 1993.
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The U.N. successfully organizes a coalition force from 34 nations against Iraq's invasion of Kuwait.
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A U.N. mission failed to prevent local warlords from seizing food aid intended for starving citizens of Somalia.
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The WTO is offically founded on the basis of multilateral trade negotiations.
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U.N. peacekeepers in the area failed to intervene during killings in Srebrenica, Bosnia-Herzegovina despite the fact that the U.N. designated it a “Safe Haven” for refugees.
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Russia, Belarus, and Kazakhstan join WTO simultaneously.
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The WTO currently has 153 member countries