Winston Churchill A huge historical IMPACT in the 1900's

Winston was a Prime Minister, war correspondent, World War l army officer, historian, author, and a painter. He was the Prime Minister of the United Kingdom from 1940-1945, and from 1951-1955

He had 2 major effects on the international economy. The first was negative. He was responsible for making British prices 10 percent higher than it's competitors. The result was balance-of-payment troubles, unemployment, labor strife, and a depressed export sector.

The second was positive. In August 1941, Churchill and President Franklin D. issued the Atlantic Charter. It was authored it's first draft by Churchill.

The document was the first statement of principles for the postwar economic order. One was multilateralism, all states should have equal access to raw materials and trade. Another was international collaboration for improved labor standards, economic development, and social security.

This Atlantic Charter was the genesis of the International Monetary Fund, World Bank, and General Agreement on Tariffs and Trade.

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