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Why it happened
- Militarism, Alliances, Imperialism, Nationalism
How it affected the economy
- town and cities were destroyed
- many european government had owed more than 7 billion dollars to america
- after the war the canadian government was losing more than 2.5 million dollars away
- the production manufacture of goods dropped by 80% in Russia -
the rise of communism was where everyone had to share their goods equally amongst everyone. this affected the economy because the rich people had the same amount of stuff as the poor people. and if you made the government mad you wouldnt get your share of food and resources. due to this no one had to buy resources or food because everyone had the same things
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the Treaty of Veraillies lead to Germany having to pay large amount of money to other countries after being blamed for ww1. this lead to Germany losing money rapidly which also lead to rapid unemployment
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Stalin affected Russias economy by over hauling the industrial and agricultural industries in Russia. this created more jobs and reduces poverty by huge amounts. this also made alot of money for Russia
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the Great Depression lead to alot of families unemployed. this lead to all those families becoming poor and losing their houses. people couldnt spend money during this time which made the economy crash. international trade also collapsed
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Hitler became in power after the Great Depression and Treaty of Versailles. Hitler promised the Germans that he would fix all the issues that were going on in Germany. He was elected into power on 1933. after he was elected he dissolved parliament making him a dictator. Once he and the Nazis were in power they controlled everyone's life. He convinced people that bein german meant you were superior. He invaded Austria and Czechoslovakia then he invaded Poland, France, and Britainwhichstarted WW2
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Why it happened - Germany was hit by the Great Depression and The Treaty of Versailles, Hitler promised to help the country and fix everything
How it affected the Economy - 60 million people, the war also create mass unemployment and gave women the opportunity for women to join the work force in huge numbers. -
The Bretton Woods conference was where 44 countries met up trying to figure a solution to prevent future world wars. they created the World Bank and World Trade Organization. The two Banks were created to give countries loans if they were affected by wars. Those countries would have to pay back the loan eventually. This created long term loans as loan interest would go up making it harder and harder for the country to pay it back. this increase productivity in countries.
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The World Bank was created in an attempt to prevent another World War. The goals of the world bank after the war was to lend loans to countries that were affected by the war. It was also attempting to speed up the economic process and help countries develop their natural resources.
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The International Money Fund (INF) was created also help countries that were affected by war just like the World Bank. The INF gives out smaller amounts of money and loans. this was in an attempt to prevent another war.
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Was created to involve more countries in trade with it going as smooth and predictable as possible.
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Was created to involve more countries in trade with it going as smooth and predictable as possible.