GLOBAL HERITAGE ACCOUNTS-THE BIG SECRET

 

GLOBAL TRUST

THE AMERICAN DREAM

BRETTON WOODS SYSTEM

While today the U.S. is in a trade war with China, the foundations of international trade were laid to avoid war altogether. In this video, Trade Guy Bill Reinsch gives a quick rundown of the Bretton Woods System, the system of global trade that emerged at the end of WWII. Why do we trade with other countries? Watch this video.

"Bretton Woods Money Pact Signed". State Department, Washington DC, United States of America (USA). M/S of Lord Halifax, British Ambassador, signing Bretton Wood Monetary Agreement. He is one of the representatives from 28 countries signing pact. C/U of Fred Vinson, Secretary of the Treasury signing agreement on behalf of President Truman. Vinson then gives a speech establishing world peace. His speech forms sound track for rest of story. Various C/Us of other representatives signing. The names of their countries are superimposed over the shots. We see representatives from Belgium, Canada, China, Egypt, France, Greece and India.

https://www.worldbank.org/en/about/archives/history 

Conceived in 1944 at the Bretton Woods Monetary Conference in Bretton Woods, New Hampshire, the World Bank’s initial aim was to help rebuild European countries devastated by World War II. Its first loan was to France in 1947 for post-war reconstruction. Soon, however, other actors began to take over the role of reconstruction support and the Bank shifted its attention to the needs of its members in Latin America, Africa, and Asia. In the 1950s and 60s, the funding of large infrastructure projects, such as dams, electrical grids, irrigation systems, and roads was the Bank’s primary focus. The Bank’s technical assistance work, which provided countries with technical resources and training necessary to use the Bank’s loans effectively, was increasingly requested by member countries.

In the 1970s, the Bank shifted its attention to poverty eradication. Development projects reflected people-oriented objectives rather than exclusively the construction of material structures. Projects related to food production, rural and urban development, and population, health and nutrition were designed to reach the poor directly. Bank operations also expanded to identify and encourage policies, strategies, and institutions that helped countries succeed. The Bank initiated sectoral and structural adjustment loans deemed necessary for the success of its projects.

In the 1980s, the Bank continued to enlarge its focus on issues of social development. Issues of social life, including education, communications, cultural heritage, and good governance came to the fore. As a result of this expanding purview, Bank staff, who had originally consisted of engineers, economists and financial analysts, had, by the early 1980s, come to include experts from a variety of disciplines, including economists, public policy experts, sectoral experts, and social scientists.

 For over seventy years, the World Bank Group has been a leader in the field of international development and poverty reduction, but it has also worked alongside or in support of other governments, institutions, and organizations that share its goals. As a result, the history of the World Bank Group is one of change, growth, and renewal. The resources provided by the World Bank Group Archives along with the records it preserves illuminate the study of this evolution.

 

THE BIG SECRET

76 Years later 198 Countries joined this agreement.  In 2007 a document (The annual balance sheet) was revealed to the public from Artemis Sorras. This had been signed every year from 1944 from the world institutions, the priminister of every country and the UN ambassadors.