<span>n creating a new U.S. government, the Virginia plan was proposed.</span>
<span>The
economist Julian Simon bet in 1980 that the prices of five free traded
commodities would decline in ten years. In 1990 Simon won this bet against
the neo-Malthusian Paul Ehrlich.</span>
It was formed after WWI to keep peace.
The League of Nations failed soon after because the US didn't join.