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The agreement of the Bretton Woods Conference, as it has come to be known, was officially called the United Nations Monetary and Financial Conference Keynes's suggestion of creating an International Clearing Union as part of a post World War II reconstruction plan and was contained in this agreement. Consequently, the IMF was founded in the aftermath of the Great Depression and World War II. The International Monetary Fund was set in motion on March 1st, 1947. Since then, the IMF had gone though two major economic time frame changes; the Keynesian Welfare State era and the era of neoliberal globalization, which lead to the shifting position of the IMF...
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