by James Hickman
Schiff Sovereign
In the aftermath of World War II, with Europe devastated and Japan in ruins after two atomic bombs, the world faced the monumental task of rebuilding the global economy.
It had already been decided at the 1944 Bretton Woods Conference that America and the US dollar would dominate the new international financial system.
But also born from that same conference were the World Bank and International Monetary Fund (IMF)— both of which were created to help resurrect global trade and production.
The World Bank provided crucial loans for rebuilding war-torn countries, including helping to finance European reconstruction projects (including much of France’s modern infrastructure).