The World Bank is a source of financial and technical assistance to developing countries, with the aim of reducing poverty through low-interest loans, interest-free loans at the banking level, and economic support to developing nations.
On the other hand, the IMF is an international financial organization that was born as an idea in the Bretton Woods agreements. Its objectives are to promote international monetary cooperation in addition to facilitating the expansion and balanced growth of international trade.
The International Bank for Reconstruction and Development (IBRD) is the largest institution in what is officially known as the World Bank Group. The IBRD was established by an international conference that met at Bretton Woods, New Hampshire, in 1944. The IBRD remains the largest of five development bank institutions that make up the World Bank Group. An agreement between the World Bank and the United Nations was made in 1947 that classifies the World Bank as a specialized agency of the UN, while recognizing it also as an independent international organization. According to the World Bank Group's own information, the World Bank's mission is " to reduce poverty and support development" by providing "low-interest loans, zero to low-interest credits, and grants to developing countries."
The Bretton Woods Conference in 1944 had the goal of establishing an international order for monetary policy after World War II. That conference of more than 700 representatives from 44 countries not only made plans for what we now call the World Bank. It also made plans for the International Monetary Fund (IMF). According to the IMF's own information, the IMF "is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." The IMF has $1 trillion available in lending funds, and grants interest rates as low as 0% to low-income countries. The IMF works to assist "assists countries hit by crises by providing them financial support to create breathing room as they implement adjustment policies to restore economic stability and growth. It also provides precautionary financing to help prevent and insure against crises" (IMF Lending Factsheet, March 8, 2018).
The third option would be correct. In a Constitutional Monarchy the monarch has very limited powers or emergency powers. The people have more power in a constitutional monarchy because they elect the Parliament.
Europeans split up the continent of Africa amongst themselves. It "set off a scramble" because all of the countries that were represented in the Berlin Conference wanted to have the biggest amount of land they could.
Many white immigrants arrived in colonial America as indentured servants, usually as young men and women from Britain or Germany, under the age of 21. Typically, the father of a teenager would sign the legal papers, and work out an arrangement with a ship captain, who would not charge the father any money.
