The creation of the World Bank and the IMF came at the end of the Second World War. They were based on the ideas of a trio of key experts – USTreasury Secretary Henry Morganthau, his chief economic advisor Harry Dexter White, and British economist John Maynard Keynes. They wanted to establish a postwar economic order based on notions of consensual decision-making and cooperation in the realm of trade and economic relations. It was felt by leaders of the Allied countries, particularly the US and Britain, that a multilateral framework was needed to overcome the destabilising effects of the previous global economic depression and trade battles.

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1989East Germany opens the Berlin WallEast German officials today opened the Berlin Wall, allowing travel from East to West Berlin. The following day, celebrating Germans began to tear the wall down.  One of the ugliest and most infamous symbols of the Cold War was soon reduced to rubble that was quickly snatched up ...read more1963Berlin Wall opened for first timeMore than two years after the Berlin Wall was constructed by East Germany to prevent its citizens from fleeing its communist regime, nearly 4,000 West Berliners are allowed to cross into East Berlin to visit relatives. Under an agreement reached between East and West Berlin, ...read more1961Berlin Wall builtTwo days after sealing off free passage between East and West Berlin with barbed wire, East German authorities begin building a wall–the Berlin Wall–to permanently close off access to the West. For the next 28 years, the heavily fortified Berlin Wall stood as the most tangible ...read more1961East Germany begins construction of the Berlin WallIn an effort to stem the tide of refugees attempting to leave East Berlin, the communist government of East Germany begins building the Berlin Wall to divide East and West Berlin. Construction of the wall caused a short-term crisis in U.S.-Soviet bloc relations, and the wall ...read moreBerlin BlockadeThe Berlin Blockade was an attempt in 1948 by the Soviet Union to limit the ability of France, Great Britain and the United States to travel to their sectors of Berlin, which lay within Russian-occupied East Germany. Eventually, the western powers instituted an airlift that ...read more1987Reagan challenges Gorbachev to tear down the Berlin WallIn one of his most famous Cold War speeches, President Ronald Reagan challenges Soviet leader Mikhail Gorbachev to tear down the Berlin Wall. Two years later, deliriously happy East and West Germans did break down the infamous barrier between East and West Berlin. Reagan’s ...read moreBerlin AirliftAfter World War II, the Allies partitioned the defeated Germany into a Soviet-occupied zone, an American-occupied zone, a British-occupied zone and a French-occupied zone. Berlin, the German capital city, was located deep in the Soviet zone, but it was also divided into four ...read more1962East Germans kill man trying to cross Berlin WallEast German guards gun down a young man trying to escape across the Berlin Wall into West Berlin and leave him to bleed to death. It was one of the ugliest incidents to take place at one of the ugliest symbols of the Cold War. The 1962 incident occurred almost a year to the day ...read moreHow long was the Berlin Wall?Few symbols better captured the Cold War divide between western Europe and the Soviet bloc than the Berlin Wall, a concrete and barbed wire barrier that divided Germany’s largest city for nearly 30 years. As World War II wound to a close, Germany and Berlin were divided into four ...read moreSEE MORE

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Medicare & Medicaid. On July 30, 1965, President Lyndon B. Johnson signed into law the bill that led to the Medicare and Medicaid. The original Medicare program included Part A (Hospital Insurance) and Part B (Medical Insurance). Today these 2 parts are called “Original Medicare.”

The September 11 attacks were a series of four coordinated terrorist attacks by the Islamic terrorist group al-Qaeda against the United States on the morning of Tuesday, September 11, 2001

The Bolsheviks, also known in English as Bolshevists, were a faction of the Marxist Russian Social Democratic Labour Party which split apart from the Menshevik faction at the Second Party Congress in 1903.