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Woodrow Wilson's Fourteen Points
United States president Woodrow Wilson delivers a speech intedning to assure the country that the Great War was being fought for moral and just reasons. -
League of Nations Paris Peace Conference
The constitution of the League of Nations was adopted by the Paris Peace Conference. -
First withdrawal
Brazil becomes the first of the founding states to withdraw from the League of Nations. -
Another Country leaves
Japan leaves the League of Nations -
Yet another leaves
Italy leaves the League of Nations -
The Last State
Egypt becomes the last state to join the League of Nations -
Bretton Woods Conference
Conference held where the IMF was formed to discuss the campaign "50 Years is Enough". -
Founding plans of the IMF
The founding plans of the International Monetary Fund are laid to combat economical instability since the 1930s. -
Founding of the United Nations
The United Nations is formed due to the failure of the League of Nations. -
Birth of the World Bank
The International Monetary Fund is officially established. -
League of Nations dissolved
The League of Nations has dissolved and disbanded due to its inability to prevent another global conflict and the lack of major nations as members. -
The Universal Declaration of Human Rights
The U.N. makes great contributions to raising the consciousness of human rights beginning with the "Universal Declaration of Human Rights". -
SAP imposed in Yugoslavia
The IMF imposes a SAP in Yugoslavia which devalued the dinar. The resultant inflation is considered a contributing factor to the already tense environment of ethnic tension and nationalism which has led to the current conflict throughout the region. -
Economic Shock therapy
The IMF uses "economic shock therapy" to introduce capitalism into previous command economies. In the case of Poland, unemployment rose from 0% in 1990 to 15% by 1993. -
U.N. organized coalition of forces during Persian Gulf War
The U.N. successfully organizes a coalition force from 34 nations against Iraq's invasion of Kuwait. -
U.N. failure to stop Somalian Warlords
A U.N. mission failed to prevent local warlords from seizing food aid intended for starving citizens of Somalia. -
The World Trade Organization is born
The WTO is offically founded on the basis of multilateral trade negotiations. -
U.N. failure to protect refugees in Bosnia-Herzegovina
U.N. peacekeepers in the area failed to intervene during killings in Srebrenica, Bosnia-Herzegovina despite the fact that the U.N. designated it a “Safe Haven” for refugees. -
3 more countries join the WTO
Russia, Belarus, and Kazakhstan join WTO simultaneously. -
The WTO exceeds 150 countries
The WTO currently has 153 member countries
