The term "new world order" refers to a new period of history evidencing dramatic change in world political thought and the balance of power in international relations. Despite varied interpretations of this term, it is commonly associated with the notion of world governance.
The phrase "new world order" or similar language was used in the period toward the end of the First World War in relation to Woodrow Wilson's vision for international peace;[a] Wilson called for a League of Nations to prevent aggression and conflict. In some instances when Franklin D. Roosevelt used the phrase "new world order", or "new order in the world" it was to refer to Axis powers plans for world domination.[1][2][3][4] Although Roosevelt and Harry S. Truman may have been hesitant to use the phrase,[citation needed] commentators have applied the term retroactively to the order put in place by the World War II victors including the United Nations and the Bretton Woods system as a "new world order."[5][6]
The most widely discussed application of the phrase of recent times came at the end of the Cold War. Presidents Mikhail Gorbachev and George H. W. Bush used the term to try to define the nature of the post-Cold War era and the spirit of great power cooperation that they hoped might materialize. Gorbachev's initial formulation was wide-ranging and idealistic, but his ability to press for it was severely limited by the internal crisis of the Soviet system. In comparison, Bush's vision was not less circumscribed: "A hundred generations have searched for this elusive path to peace, while a thousand wars raged across the span of human endeavor. Today that new world is struggling to be born, a world quite different from the one we've known".[7] However, given the new unipolar status of the United States, Bush's vision was realistic in saying that "there is no substitute for American leadership".[7] The Gulf War of 1991 was regarded as the first test of the new world order: "Now, we can see a new world coming into view. A world in which there is the very real prospect of a new world order. ... The Gulf War put this new world to its first test".[8][9]
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Hitler has often protested that his plans for conquest do not extend across the Atlantic Ocean. His submarines and raiders prove otherwise. So does the entire design of his new world order. For example, I have in my possession a secret map made in Germany by Hitler's Government—by the planners of the new world order. It is a map of South America and a part of Central America, as Hitler proposes to reorganize it...That is his plan. It will never go into effect.
They may talk of a "new order" in the world, but what they have in mind is only a revival of the oldest and the worst tyranny. In that there is no liberty, no religion, no hope. The proposed "new order" is the very opposite of a United States of Europe or a United States of Asia. It is not a Government based upon the consent of the governed. It is not a union of ordinary, self-respecting men and women to protect themselves and their freedom and their dignity from oppression. It is an unholy alliance of power and pelf to dominate and enslave the human race.
It also established the International Monetary Fund (IMF) and World Bank[2] as the key institutions to manage this new world order.