Sept 14 Notes

Sept 14 Notes - 1. Postwar Recovery in Japan and Western...

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1. Postwar Recovery in Japan and Western Europe 2. New Model of International Trade and Finance a. Bretton Woods, July 1944 a.i. Began with many countries but communist countries quickly dropped out. (Soviet Union, etc.) a.ii. International Monetary fund a.ii.1. People that will sell tons of publications about money, nasically create international fund that gives short term loans if they are having trouble keeping their currency stable (trade imbalances and such created a fluctuation) provides buffer zone. a.iii. World Bank a.iii.1. Provides long term loans for countries to establish their countries, fund infrastructure, large products that require large amount of supplies b. GATT b.i. General Agreement on Tariffs and Trade b.ii. Come together every 5 to 7 years to create treaties for trade c. U.S. Dollar/US hegemony c.i. Becomes the standard similar to the gold standard. Set up for the entire world d. Keynesian Model vs. Liberal Model 3. People decided to resort back to great depression way
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This document was uploaded on 10/28/2011 for the course HIST 140 at UNC.

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Sept 14 Notes - 1. Postwar Recovery in Japan and Western...

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