Postwar Recovery, Bretton Woods, UNRRA and Cold War Origins
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Main Features and Urgent Tasks
1. 7. main feat. urgent task
Famine (UNRRA) and Responses
Famine (UNRRA):
- Help freed countries.
- Use available supplies.
- Demand lower than production → lower price.
- Stabilize by selling products to other needy countries.
- Increase the US image.
- Fund help for displaced persons.
Economic policies: New policy of government → intervention. Develop new welfare state.
Financial Commitments: Bretton Woods
Financial committees, economics: Bretton Woods Conference (1944):
- Dollar as a key reference currency.
- International Monetary Fund (IMF), 1946.
- GATT, 1948.
- 23 states agreed to reduce tariffs.
- World Bank, 1945.
Cold War Origins
COLD WAR — Origin. Victory against fascism and divisions among the allies from 1945 onward; détente in the