Triumphs and Tragedies of the International Monetary Fund & World Bank

        On July 1, 1944, World War II, perhaps the darkest age of the human race, was about to end. The allies have landed in Normandy, and the fall of the Axis powers was inevitably near. Already, the economic visionaries and idealists have gathered at Bretton Woods to discuss the future economy of the upcoming peaceful times. After twenty-two days of meeting, twenty-nine participating nations signed the articles of agreement and the International Monetary Fund was established, with …

…Inflation, Belmont, Mass.: Western Islands, 1979, P 139. 7 Hazlitt Henry, From Bretton Woods to World Inflation: A study of Causes and Consequences, Chcago: Regnery Gateway, 1984. P. 88. 8 Kojm A. Christopher, The Problems of International Debt, New York: The H. W. Wilson Company, 1984. P 95. 9 Kojm A. Christopher, The Problems of International Debt, New York: The H. W. Wilson Company, 1984. P 95. 10 'Effect of IMF on third world countries', National SEAC organization, http://sorrel.humboldt.edu/~seac/issues/imf/imf.html         9