*** The increasing globalization of the post-war world was fostered at its beginnings by the judgment that burgeoning prewar protectionism was among the primary causes of the depth of the Great Depression of the 1930s. As a consequence, trade barriers began to fall after the war.
As the crisis developed, a more representative body (G22) was formed, which did important work not so much in the resolution of the crisis as it was occurring, but in preparing for the re-writing of some of the rules.