At the end of World War II, the governments of the industrialised countries, influenced by Keynes’ thinking, established a series of agreements to rule trade and financial relations and delineate the new world order: the Bretton Woods system, developed with the aim of managing the international economy in 1944; the International Bank for Reconstruction and Development and the International Monetary Fund, created in 1944 and 1945, respectively; and the Marshall Plan, an economic recovery program for Western Europe, enacted in 1947.

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