London Economic Conference
The London Economic Conference was an international gathering of representatives from 66 nations in London in 1933. The primary goal of the conference was to address the ongoing global economic crisis during the Great Depression and to stabilize international currency exchange rates. Unfortunately, the conference failed to achieve its objectives and was considered a major disappointment.
In summary, the London Economic Conference was an international gathering in 1933 to address the global economic crisis during the Great Depression. The conference’s failure to reach significant agreements, particularly on currency stabilization, further damaged international relations and contributed to the rise of economic nationalism. The shortcomings of the conference underscored the need for more effective international economic cooperation, leading to the establishment of global financial institutions in the post-war era.