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Formation of League of Nations
The League of Nations was founded immediately after WWI and its sole purpose was to to ensure that war never broke out again. -
Treaty of Versailles
Signature of the Treaty of Versailles. Part 1, Articles 1 to 26 of this and other Peace Treaties contain the Covenant of the League of Nations. -
Japan withdraws from the League
Japan gives notice of its withdrawal from the League of Nations. This was due to their invasion on Manchuria. -
Formation of United Nations
The United Nations officially came to existence on this day. The United Nations were formed to bring all nations of the world together to work for peace and development, based on the principles of justice, human dignity and the well-being of all people. -
Birth of the IMF
The organization was established on this day. It worked to help the economic stabilization of Europe. The IMF's stated goal was to stabilize exchange rates and assist the reconstruction of the world’s international payment system post World War II. -
Birth of the World Bank
The Organizations was establised on this day.Its' main purpose it to reduce poverty in the world. They do this by providing loans to developing countries for capital programs. -
First U.N Resolution
The United Nations passed its first resolution. It called for the elimination of nuclear weapons. -
N.Korea Invasion of S.Korea
North Korea invaded South Korea. The U.N. Security Council responded with a call to all nations to come to the aid of South Korea and repel the invasion. -
U.N Support South Korea
Fourteen U.N. member nations, led by the United States, pushed North Korea back across the 38th Parallel. This was the first military action taken by the United Nations. -
First loan to "new" Africa
$15.5 million loan granted to Sudan for irrigation (first loan to "new" Africa). -
World Bank Lends Money to IFC
The World Bank agrees to lend an additional $100 million to IFC. -
IMF Loans Britain $3.9 Billion
Britain under PM Callaghan applied to the IMF for a loan of $3.9 billion. -
Loans Mexico Money
IMF lent Mexico $3.8 billion due to threatened bankruptcy. The Mexican economy began to be run under the guidance of the World Bank and the Int’l. Monetary Fund. -
U.N Expels Iraq from Kuwait
Iraq invaded Kuwait. The U.N. Security Council subsequently authorized the use of force to expel him. The United States responded by leading Operation Desert Storm and liberating Kuwait. -
Rwanda Genocide
The Security Council was briefed about the Hutu chauvinists' preparations for mass murder and chose to do nothing. As the genocide was at its height in April, after 10 Belgian troops were killed by Hutu chauvinist forces, the UN withdrew almost its entire "peacekeeping" force of 2500, leaving just 270. -
Birth of the World Trade Organization
The WTO is an organization that intends to supervise and liberalize international trade. It focuses on regulation of trade between participating countries. -
Singapore Issues
The inaugural ministerial conference takes place in Singapore. Disagreements between largely developed and developing economies emerge during this conference over four issues initiated by this conference, which led to them being collectively referred to as the "Singapore issues". -
China joines the WTO
The People's Republic of China joins the WTO after 15 years of negotiations (the longest in GATT history). -
Resolution 1441
The U.N. Security Council passed Resolution 1441, which declared that Iraq had to disarm. -
President of the Bank?
On this day, U.S Prsident Barack Obama announced that the United States would nominate Jim Yong Kim as the next President of the Bank
