sustainable prosperity

sustainable prosperity

1. bretton wood agreement

   • a system of rules and procedures for postwar global economy
   • established in 1944
   • made to promote international trade
     • and the regulation of money
     • and control money

2. the world bank and the international monetary fund

   • world bank
     • an independent agency controlled by 184 countries
     • loans money to less developed countries
       • some conditions apply
   • IMF
     • brings stability to international monetary affairs
       • and to help expand world trade
       • in charge of monitoring exchange rates
     • funded through quotas payed by member countries

3. end of the cold war

   • began in 1946 ended in 1989
   • the driving force behind economic globalization
   • opposingfactions
     • the communists lead by the soviet union
       • centrally planned economic system
         • the government decided what was produced and the amount
     • democracies lead by the united stats
       • free market economy
         • no government involvement

4. impact of technology and communication

   • easier acsees to money through the stocks and bonds
   • investments from regular people looking to make more money

5. recession

   • period of reduced economic avctviity
   • john maynard keynes
     • the theroy that decresed wages caused decreased spending