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The League of Nations is adopted by Paris Peace Conference, its headquarters in Geneva. First secretary-general: Sir Eric Drummond.
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The League was given the power to settle the dispute between Germany and Poland over Upper Silesia. They decided to split it into two, and both countries with the people in Upper Silesia accepted this decision.
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A boost was given to the League of Nations when the leading politicians (James Ramsay MacDonald, Arthur Henderson and Edouard Herriot), in Britain and France visited Geneva.
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The Japanese army forces bombarded Shanghai, which caused the withdraw of Japan from the league.
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44 countries were represented at a meeting in Bretton Woods. This is when they established this agreement.
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UN Charter gets approved by the Majority of the 51 Member States.
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Held in Central Hall, London, the UN had their first General Assembly with 51 nations represented.
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The League of Nations is signed over to the United Nations by Sean Lester, the last Secretary-General.
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IMF's first customer is France, who borrowed 25 million dollars. This opened IMF's operations and established the General Agreement on Tariffs and Trade.
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The UN creates its first peacekeeping operation.
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General Assembly of the UN adopts the Universal Declaration of Human Rights.
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The UN helps South Korea resist attacks from the North with this agreement that the UN command and the Chinese-North Korea Command signed.
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The IMF created the Enhanced Structural Adjustment Facility, which is the central area of the IMF that supports low-income countries. They are responsible for help with lowering the debt of the heavily indebted poor countries.
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The Berlin Wall falls, and IMF helps strengthen Germany's strategies that involve dealing with the country's debt. This enabled the IMF to be a global institution, because the fall of the Berlin Wall marked the dissolution of the Soviet Union.
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The World Trade Organization starts operating in Geneva. They are responsible for establishing rules for global trade that are enforceable and support the economy.
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In Seattle, around 50,000 protestors forced WTO's thurd misterial to shut down for a few days. The poor-country delegates had felt like the U.S. and EU were "bullying" them, therefore called a new round of negotiations for the organization.
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The WTO agreed to launch a "Doha Development Round", which mainly deals with the expansion of agriculture, services, industrial tariffs, and intellectual property rights through trade.
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After September eleventh's terroist attacks, the IMF expanded its efforts to combat money laundering and the financing of terrorism. The Deputy Managing Director, Min Zhu, believed that it was a threat to the stability of many country's economy and general welfare.
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The WTO announced some statistics to the public: the global trade has shrunk by 9%, and the most negatively affect nations would be the developed ones, which is seen to fall 10%. They predicted the poorer countries would see a fall of 2-3%.
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The G20, composed of the major economic powers, meet in Seoul. They discuss 2011 as a "window of opprotunity", which concludes the WTO Doha round.
