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The New World Order (NWO) is a conspiracy theory which hypothesizes a secretly emerging totalitarian world government. The common theme in conspiracy theories about a New World Order is that a secretive power elite with a globalist agenda is conspiring to eventually rule the world through an authoritarian one-world government—which will replace sovereign nation-states—and an all-encompassing propaganda whose ideology hails the establishment of the New World Order as the culmination of history's progress. Many influential historical and contemporary figures have therefore been alleged to be part of a cabal that operates through many front organizations to orchestrate significant political and financial events, ranging from causing systemic crises to pushing through controversial policies, at both national and international levels, as steps in an ongoing plot to achieve world domination...

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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 primarily associated with the ideological notion of world governance only in the sense of new collective efforts to identify, understand, or address global problems that go beyond the capacity of individual nation-states to solve.

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; Wilson called for a League of Nations to prevent aggression and conflict. The League of Nations failed, and neither Franklin Roosevelt nor Harry S. Truman used the phrase "new world order" much when speaking publicly on international peace and cooperation. Indeed, in some instances when Roosevelt used the phrase "new world order", or "new order in the world" it was to refer to Axis powers plans for world domination. Truman speeches have phrases such as, "better world order", "peaceful world order", "moral world order" and "world order based on law" but not so much "new world order". Although Roosevelt and Truman may have been hesitant to use the phrase, 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."

Quoted from Wikipedia:

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