The World Bank was the organization which was instrumental in stabilizing the global economy during the 2008 Great Recession which was characterized by banks losing a large amount of money due to loss of businesses and loan defaults all over the world.
The World Bank helped during the recession by giving room for a large amount of loans to people and organizations in order to cushion the effect of the economic crisis.
known as the Congo Conference or West Africa Conference, regulated European colonization and trade in Africa during the New Imperialism period and coincided with Germany's sudden emergence as an imperial power.
