Also, Russia rejected participation in Bretton Wood agreement, which was made in 1944 between 44 countries. The main point of this agreement was to establish international economic rules of trades among countries, stabilizing monetary policy, agreements on taxation of businesses, and tariff regulations. Two financial institutions were established at the Bretton Wood agreement: IMF and WWB. The main function of the IMF and WWB was to generate a global fund. Reach nations would hold their funds in those organizations and the poor countries would borrow money to avoid an economic collapse. The reason to establish those organizations was that nations were responding to the Great Depression that took over America and generated a global economic collapse and the rise of the Nazi and Japan dictatorship. So, stabilizing the economy was a way to prevent global economic collapse. Since Stalin refused to participate in the Bretton Wood agreement, western nations interpreted that Stalin was not going to integrate Russian economy with the capitalist countries. Maybe Stalin would try to create his own communist economics
Also, Russia rejected participation in Bretton Wood agreement, which was made in 1944 between 44 countries. The main point of this agreement was to establish international economic rules of trades among countries, stabilizing monetary policy, agreements on taxation of businesses, and tariff regulations. Two financial institutions were established at the Bretton Wood agreement: IMF and WWB. The main function of the IMF and WWB was to generate a global fund. Reach nations would hold their funds in those organizations and the poor countries would borrow money to avoid an economic collapse. The reason to establish those organizations was that nations were responding to the Great Depression that took over America and generated a global economic collapse and the rise of the Nazi and Japan dictatorship. So, stabilizing the economy was a way to prevent global economic collapse. Since Stalin refused to participate in the Bretton Wood agreement, western nations interpreted that Stalin was not going to integrate Russian economy with the capitalist countries. Maybe Stalin would try to create his own communist economics