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World Bank Group

A vast financial resource owned and controlled by its membership of over 180 countries. The purpose of the bank, established in 1944, is to provide loans and economic advice to its member countries. In 2001, the bank provided over 17.3 billion dollars in loans to over 100 different developing nations.

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Wilson, Woodrow

(1856-1924) President of the United States during World War I. He was one of the formulators of the Treaty of Versailles. He also proposed a regulating body of nations to avoid future conflicts through diplomacy in his 14 Points Speech.

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socialism

A political system where the means of production are controlled by the workers and all things are shared evenly. Socialist policies provide for government funding of many basic needs such as food, shelter, and medical care.

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Philip II

(1527-1598) King of Spain from 1556 to 1598. Absolute monarch who helped lead the Counter Reformation by persecuting Protestants in his holdings. Also sent the Spanish Armada against England.

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