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This essay aims to discuss the post-WWI economic disaster, the impacts this had on the international scale and the methods used by the world’s economic leaders to implement and establish a new world economy
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This essay aims to discuss the post-WWI economic disaster, the impacts this had on the international scale and the methods used by the world's economic leaders to implement and establish a new world economy, before the end of WWII in the hope of preventing the catastrophe from being repeated. Focus will also be granted to the establishment of the multilateral institutions such as the World Bank, the General Agreement on Tariffs and Trade (WTO) and the International Monetary Fund, the principle roles that each of these institutions play and how the Bretton Woods System coped in the years following. World War I saw unexpected and severe changes to the international economy, although each nation involved continued in their commitments to the gold standard and the system of fixed exchange, they effectively left the gold standard one way or another. Evidently some countries printed new currency, not supported by...
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