King George County was established in 1720 when land was split from Richmond County, Virginia. The county is named for King George I of Great Britain. It was substantially reorganized in 1776 and 1777, with land swapped with both Stafford and Westmoreland Counties to form the modern boundaries.
BREAKING DOWN 'The World Bank'. The World Bank was created at the end of World War II as a result of many European and Asian countries needing financing to fund reconstruction efforts.Created out of the Bretton Woods agreement of 1944, the Bank was successful in providing financing for these devastated countries.EFINITION of 'The World Bank'. An international organization dedicated to providing financing, advice and research to developing nations to aid their economic advancement. Next Up.
All these factors led to declining world trade, high unemployment, and plummeting living standards in many countries. In 1944, the Bretton Woods Agreement established a new international monetary system. The creation of the International Monetary Fund (IMF) and the World Bank were two of its most enduring legacies.The World Bank and the IMF, often called the Bretton Woods Institutions, are twin intergovernmental pillars supporting the structure of the worldâs economic and financial order. Understand the history and purpose of the IMF. 2  Describe the IMFâs current role and major challenges and opportunities. 3  Understand the history and purpose of the World Bank. 4  Describe the World Bankâs current role and major challenges and opportunities.