United Nations Conference on International Organization Security Council. At the February 1945 conference in Malta, it was proposed that the permanent members have veto power. This proposal was adopted shortly after at the Yalta conference. While at Yalta, they began sending invitations to the San Francisco conference on international organization. A total of 46 countries were invited to San Francisco, all of which had declared war on Germany and Japan, having signed the Declaration by United Nations. The conference directly invited four additional countries: Denmark (newly liberated from Nazi occupation), Argentina and the Soviet republics of Belarus and Ukraine. The participation of these countries was not
International Trade Organization International Trade Organization The International Trade Organization (ITO) was the proposed name for an international institution for the regulation of trade. Led by the United States in collaboration with allies, the effort to form the organization from 1945 to 1948, with the successful passing of the Havana Charter, eventually failed due to lack of approval by the US Congress. Until the creation of the World Trade Organization in 1994, international trade was managed through the General Agreement on Tariffs and Trade (GATT). The Bretton Woods Conference of 1944, which established an international institution for monetary policy, recognized the need for