IMF

=International Monetary Fund (IMF)=

The IMF was created after World War II to promote trade. Guided by major industrial powers, this organization provided loans and guidance to developing areas such as emerging African, Asian, and Middle Eastern Nations. The loans were intended to promote recovery from recessions that threataned to effect other areas. The IMF was widely viewed as a promoter of the capitalist global economy.

Created by: Allie Pinosky, Clare Wolf, and Alexa DeAntonio