SOAN 2040 Lecture 8: Lecture 8
20 Apr 2016
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Document Summary
Life and debt documentary (on exam: pay attention to the history of the world bank and the imf. Give small loans for counties to re build themselves. 1944, the war is coming near to end; things need to be rebuilt (31839) money used to buy weapons etc. Put into place to help stabilize and rebuild europe. But now they control the loan of money worldwide. Key institutions setup to have a bank could turn to for short term borrowing. Had no voice or presence just apart of someone else"s power structure. Usa has the biggest control of the vote. Not investing in people just paying the debt, never ends: take note of the mechanism of debt in relation to jamaica"s ability to thrive as an independent nation. Find sums of money just to make end meets they had to go to private banking system for loan (needed support)
