Following the Hague Round Table Conference, the Netherlands formally transfers sovereignty to the United States of Indonesia, ending the Indonesian National Revolution.
France establishes the State of Vietnam within the French Union, with former emperor Bảo Đại as head of state.
Twelve North American and Western European countries sign the North Atlantic Treaty in Washington, creating the NATO collective defence alliance.
The Union of Burma becomes independent from Britain, choosing not to join the Commonwealth.
The United States enacts a large-scale economic aid programme to rebuild Western European economies after the Second World War.
Under the Treaty of Manila, the United States recognises the independence of the Republic of the Philippines.
War between the Việt Minh and France breaks out in Hanoi and lasts until the Geneva Accords of 1954.