To Create international organizations that would help create and maintain a global economy
Explanation:
The Bretton Woods System
This globalized world can be traced back to the order that the United States and its allies created toward the end of World War II. In a 1944 meeting in the small New England town of Bretton Woods, representatives for 44 countries tried creating a new global economic system. The system intended to increase trade between countries. These representatives believed that more trade between countries would reduce poverty and make nations more interconnected and politically stable. The meeting participants blamed the poverty following the Great Depression for the rise of hostile dictators, who seized power based on hateful exaggerations and false promises.
By the end of World War II, this group firmly believed that economies needed to be structured in a fundamentally different way. They hoped that this system would provide better guarantees of global peace and stability.
The participants in the Bretton Woods meetings believed a new system based on free trade, standardized rules, and dialogue could avoid another global conflict. These meetings set the stage for the creation of several new global institutions that would oversee the new worldwide economy. The International Monetary Fund was created to administer the monetary system. The International Bank for Reconstruction and Development, which was later called the World Bank, was responsible for providing loans to rebuild Europe. Then, its mission expanded to funding the development of infrastructure throughout the world. Infrastructure is a country's facilities that support businesses and people, such as roads, railways, power plants, and airports. Finally, the General Agreement on Tariffs and Trade was established to open countries to free trade. This agreement between states would provide large companies with the certainty that foreign governments would no longer put up obstacles to sell their products.
