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.
In 1975, as business and policy makers' alike saw the potential growth of global business, the World Trade Organization (WTO) was created by several countries in order to monitor trade around the entire world.