jul 1, 1944 - Creation of the IMF and World Bank

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The International Monetary Fund and World Bank were founded to provide financial stability across the globe by keeping economy and currency values in check as well as providing loans and assistance to developing countries. The IMF oversees currency values, and attempts to regulate international exchange by establishing fixed exchange rates as well as encourage international financial unity. The World Bank aid weaker economy countries and developing third world nations with the loans and financial assistance they need to grow. Both are essential to the stability of international organizations such as the EU (or EEC at the time) and are institutions of the UN.

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