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Securing the World EconomyThe Reinvention of the League of Nations, 1920-1946$
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Patricia Clavin

Print publication date: 2013

Print ISBN-13: 9780199577934

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199577934.001.0001

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The Architecture of the New World Order, 1944–1945

The Architecture of the New World Order, 1944–1945

(p.305) 9 The Architecture of the New World Order, 1944–1945
Securing the World Economy

Patricia Clavin

Oxford University Press

If the League of Nations had failed, its history generated the impulse to build not just one new organization, but many. Thanks partly to the ideas and practices inculcated by EFO, economic and financial organizations were at the heart of plans for a new world. The Princeton Mission served both as support and critic of Bretton Woods, which founded the International Monetary Fund, the International Bank for Reconstruction and Development or World Bank, and the planned International Trade Organization. It informed ideas about postwar reparations and shaped new ideas for European union. Its experience and emphasis on institutions to promote financial stability and global development, set out in the Bruce Report, also underpinned the creation of the, often forgotten, UN Economic and Social Council. For the League's remaining employees, handing over ‘their’ world order to new institutions and agents was to prove a bitter-sweet experience.

Keywords:   International Monetary Fund, World Bank, ECOSOC, Bretton Woods, Dumbarton Oaks, Ragnar Nurkse, reparations, Étienne Mantoux, John Maynard Keynes

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