At the conclusion of World War II, a group of countries led by the United States established the International Trade Organization (ITO)..

Question

Quizplus · Accepted Answer

This statement is true. The International Trade Organization (ITO) was established after World War II, with the United States playing a leading role in its formation. However, the ITO never actually came into existence due to political and economic disagreements between member countries, and its functions were eventually assumed by the General Agreement on Tariffs and Trade (GATT).

At the Conclusion of World War II, a Group of Countries