Italy Japan: Development Aid and World Bank

italy japan: The winners, led by a rich and self-confident United States, shaped the postwar world, according to The Japan Times. The institutions created by the allies chief among them the United Nations, the International Monetary Fund and the World Bank have their origins in debates among the Allies during the war; they were designed to bring stability, replace war with argument, ensure development aid for the impoverished. After that vast and hideous conflict, democracies defeated the tyrannies of Germany, Italy and Japan ironically, a victory made certain by the unrivaled human sacrifices of the largest tyranny of all, the Soviet Union. In 1948, Washington put some 12 billion to 13 billion about 120 billion in 2016 values into the reconstruction of a ruined Europe. In these postwar years, the victors were confident in their political systems, seeing them as drawing strength from the active engagement of the citizens in elections, in political parties and in open debate. Called the Marshall Plan after U.S. Secretary of State George Marshall, the aid was designed to underpin democratic government and keep at bay the then powerful forces of communism. (news.financializer.com). As reported in the news.