Fifth clause – Full cooperation between all nations in the economic field The Atlantic Charter of August 1941 was not a binding treaty, but it was nevertheless important for several reasons. First, it publicly reaffirmed the sense of solidarity between the United States and Britain against the aggression of the Axis powers. Second, he set out President Roosevelt Wilson`s vision for the post-war world; Which would be characterized by free trade, self-determination, disarmament and collective security. Finally, the Charter served as an inspiration for colonial subjects throughout the Third World, from Algeria to Vietnam, when they fought for independence. Two months after the London Declaration, the next step came towards a global organization, the result of a dramatic meeting between President Roosevelt and Prime Minister Churchill. When it took place on the 14th the Charter was entitled “Joint Declaration of the President and the Prime Minister” and was commonly known as the “Joint Declaration”. The Labour newspaper Daily Herald marked the name Atlantic Charter, but Churchill used it on 24 August 1941 in Parliament, which has since been widely adopted.  The Atlantic Charter inspired several other international agreements and events that followed the end of the war. The dismantling of the British Empire, the formation of NATO and the General Agreement on Tariffs and Trade (GATT) all stem from the Atlantic Charter. The Nuremberg Trials, which took place to bring Nazi war criminals to justice, were a series of thirteen trials that took place in Nuremberg between 1945 and 1949.
The defendants, including NSDAP officials and high-ranking military personnel, as well as Germans. Read more There has never been a signed version. The document was hit by several drafts and the agreed final text was telegraphed to London and Washington, DC. Roosevelt gave Congress the content of the Charter on August 21, 1941. Later he said, “There is no copy of the Atlantic Charter, as far as I know. I don`t have one. The British do not have one. The next thing you get is the radio message about Augusta and Prince of Wales. That`s the next thing you`re going to do. There was no formal document.  A constructive objective for the future international organization was also anticipated in the fifth clause, which stated that the two statesmen ensured the most comprehensive economic cooperation among all nations in order to guarantee the improvement of labour standards, economic progress and social security. The fact that it has little legal validity does not diminish its value. If, in the final analysis, the value of a treaty is the sincerity of its spirit, no confirmation of the common faith among peaceful nations could be anything other than important. The Atlantic Charter set goals for the post-war world and inspired many of the international agreements that left their mark on the world thereafter.
The General Agreement on Tariffs and Trade (GATT), the independence of the European colonies after the war and many other key policies stem from the Atlantic Charter. . . .