Editing Post-War Economic Order (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Bretton Woods Conference''' (1944) — A gathering of 44 allied nations in New Hampshire to "Design the new world economy."
* '''The IMF (International Monetary Fund)''' — The "Global Firefighter": its job is to "Lend Money" to countries in "Financial Crisis" to prevent a "Total Collapse."
* '''The World Bank''' — The "Global Builder": its job is to "Provide Loans" for "Infrastructure" (Roads/Dams/Schools) in developing countries.
* '''The US Dollar Standard''' — The system where the "Dollar" was "Fixed to Gold" ($35 = 1oz) and "Every Other Currency" was "Fixed to the Dollar."
* '''The Nixon Shock''' (1971) — When President Nixon "Ended the Gold Standard," turning the Dollar into "Fiat Money" (backed only by 'Trust').
* '''Fiat Money''' — "Money" that has "No intrinsic value" (like gold) but is "Valueable" because the "Government says it is."
* '''Marshall Plan''' — The "Economic Aid" package where the US gave **$13 Billion** to "Rebuild Europe" after the war, ensuring they became "Trade Partners" rather than "Enemies."
* '''GATT (General Agreement on Tariffs and Trade)''' — The ancestor of the **World Trade Organization (WTO)**: its goal was to "Lower Taxes" on trade between countries.
* '''Reserve Currency''' — A "Stable Currency" held by "Central Banks" to "Protect" their economy (The Dollar is the 'King' of reserves).
* '''Globalization''' — (See Article 519). The "Result" of the Bretton Woods system: a world where "Everyone is linked" by "Trade and Finance."
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