Tuesday, April 30, 2019

Development and Policy in Modern Europe Essay Example | Topics and Well Written Essays - 1750 words - 1

Development and Policy in Modern Europe - Essay Example afterward periods of accumulation of wealth prior to the World War II, only a short period of sentence during the war was sufficient to send Europe on its knees. The prestigious position of the powerhouse of ground industrial enterprise was at risk if nothing was forthcoming, to salvage not only Europe but the rest of the world as well. As illustrated, the success thus highlighted after the war would not be conceptualized were it not for socioeconomic and political realignment of the post war community in Europe and in the USA.Firstly, the Word War II had just brought Europe on its knees and the cooperation demonstrated during the formation of alliances prior to the war seemed to have a hourlong future as the proverbial friends in need should. Without assurances of cooperation at the end of the war in 1939, on that point would have been little hope for recuperation from the devastating impact of the war. The Allies were co mmitted to continue their ties during the recovery period ahead, which is demonstrated by landmark political reorganization to recovery and prevention of similar awkward events in the future. Governments had to make arrangements to cater for declined production and nose-diving unemployment levels against pressures of demand. Hope for recovery against a backdrop of numerous setbacks that stood in the way was only in the promises of success as witnessed in the alliances formed during the war.In addition, perhaps the archetypical brave move that restored balance in international economies came in 1944 by the Bretton Woods agreement on stability in international payment through the US dollar. According to MQF (2012, para.1), the stability obtained during the Bretton Woods meeting was achieved through the creation of the IMF as well as the World Bank and the subsequent agreement of a standard based on gold and dollar valuation. In the aftermath of the established economic regime, orb icular inflation had