4.4.1 About International Financial Institutions
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4.4.1 About International Financial Institutions
Who makes international economic decisions?
Units Two and Three explained that competition for products during imperial times led to conflict and that conflict was one of the causes of World War I. Further problems with the global economy following World War I led to the Great Depression, which led to World War II.
If conflicts over money and regulations about buying and selling goods and services cause nations to go to war, what can the world do to stop these problems?
Most of the world's most powerful countries agreed that there had to be some rules and some ways for richer countries to help poorer countries in economic crises. They decided to establish some international organizations to set some rules for the world's economy.
These international financial institutions are involved in global finance today.
Often, these organizations are criticized because they are controlled by the United States, Canada, and Europe.
If conflicts over money and regulations about buying and selling goods and services cause nations to go to war, what can the world do to stop these problems?
Most of the world's most powerful countries agreed that there had to be some rules and some ways for richer countries to help poorer countries in economic crises. They decided to establish some international organizations to set some rules for the world's economy.
These international financial institutions are involved in global finance today.
Often, these organizations are criticized because they are controlled by the United States, Canada, and Europe.