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Which global organization was formed in response to the economic crises of the 1

Practice Questions

Q1
Which global organization was formed in response to the economic crises of the 1930s? (1930)
  1. World Bank
  2. International Monetary Fund (IMF)
  3. World Trade Organization (WTO)
  4. United Nations (UN)

Questions & Step-by-Step Solutions

Which global organization was formed in response to the economic crises of the 1930s? (1930)
  • Step 1: Identify the time period of the economic crises, which was the 1930s.
  • Step 2: Understand that these crises affected economies worldwide.
  • Step 3: Recognize that a global organization was needed to help stabilize economies.
  • Step 4: Learn that the International Monetary Fund (IMF) was created to promote international monetary cooperation.
  • Step 5: Note that the IMF was officially established in 1944, after the crises of the 1930s.
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