IGO's post WW2

Question 1

What did western countries feel would help rebuild their economies?

Answer 1

Global trade due do serve economic costs of fighting

Question 2

What was it thought would help prevent future wars?

Answer 2

‘shared’ or linked economy

Question 3

What agreement was signed in 1944 by the countries of the western world?

Answer 3

Bretton-Woods agreement

Question 4

What was the point of the Bretton-Woods agreement?

Answer 4

Meant all countries linked their currencies to the US dollar and gold

Question 5

What organisations were also set up at Bretton-Wood?

Answer 5

IMF
IBRD (World Bank)

Question 6

What were IMF a key part in creating?

Answer 6

A free market system

Question 7

What are the aims of the IMF?

Answer 7

Help ‘global financial security’ and provide loans to member countries that are unable to repay their debts

Question 8

What 2 types of loan does the IMF provide?

Answer 8

Prevent bankruptcy
Prevent country getting into financial difficulty

Question 9

What is an example of an IMF loan to prevent Bankruptcy?

Answer 9

Ghana received $600 million