Helping finance the building of Europe's economy after World War II by providing low-interest loans was the initial mission of the ______________.

Question

Quizplus · Accepted Answer

The World Bank was established in 1944, with a primary objective to provide loans and financial assistance to European countries for reconstructing and developing their economies after World War II. The European National Bank did not exist in the post-war era, the International Monetary Fund's mission was to maintain exchange rate stability and facilitate international trade, while the United States Treasury was responsible for managing the country's finances and economy. The World Trade Organization was established in 1995, long after the post-World War II reconstruction effort.

Helping Finance the Building of Europe's Economy After World War