By Andrew Morris
The Bretton Woods Conference in 1944 was a pivotal event that set up the groundwork to regulate currency and create important tools like the IMF and IBRD.
It created a fixed exchange rates that could be adjusted if necessary. Currencies also had to be convertible to other currencies for trade and finance.
After World War II much of Europe and Asia was completely destroyed. One of the main reasons for the creation of the UN was to avoid having massive destruction like in World War II.
The IMF and IBRD heavily loaned money to devastated middle income countries in Europe to help rebuild.
The UN made sure that promoting human rights was a major part of the organization.
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