-
WWI was a giant war that was caused because of militarism, alliances, imperialism, and nationalism. All of which had major effects on the countries themselfs as well as the golobal economy. Countries were in trade with other countries however, the trade came to a hault as there was a huge war going on. That being said WWI also had positive effects for some countries as they formed alliances and worked off of each other which made their economy better.
-
The Solviet Union saw a dramatic increase of communism within a span of 10 years. Communism didnt officially end in this area until 1992. The idea was that in a communist state everyone would have what they need and people could do what they are passionate about. This would essentially eliminate social statuses as nobody would have more than others. This was a bad thing for economic c=globalizatin because it took away international trade.
-
The Treaty of Versailles was one of the most important peace treatys. It ended world war I. It also held Germans responciple for the actions within the war as well as their early involvment. This effected Economic globalization because it kickstarted global peace. By doing that people arent busy with being involved in or scared of the war. Instead, it made everything come to peace so buisnesses and the economy can run properly and well.
-
Stalin started the Solviet Union which lasted a total of 69 years in power. He turned the country communist and kiled nearly 33 million people. When Stalin stopped economic globalization since it was a communist country. Since it was communism there was no
international trade at all. With them not trading internationally it deeply effects the globalization of their economy as well as the rest of the world. -
The great depression was a critical economic worldwide depression that mostly took place in the 30's. During the depresion around 15 million americans were unemployed.In addition to that nearly half of the countries banks failed.This obviously impacted economic globalization massively as the entire world was finantially strugling.The negative effects it had were huge because people were trying to stay afloat and the least of their worries was global trade.
-
The great depression was a critical worldwide economic depression that mostly took place during the 1930's. The depression left 15 million americans unemployed. The depression obviously had a massive effect on the worlds economy as everyone had no money and was finantially struggling. As for global economy, it was not going well as everyone was more worried about starying alive and putting food on their tables so their government was not focusing on trading with other countries.
-
Hitler became the dictator of Germany during the years 1933-1945. Hitler did do many horrible things including lead the holocaust,however, he did do some things that benifitted Germany.One of those things was boost the economy,He passed the Unemployment relief act in 1933 which aimed to reduce unemployment.In adition to that one of Hitlers main aspects of being a dictator was to better the economy and he strived to do so.By His actions toward economy,it effected economic globalization immensly.
-
The second world war involved the vast majority including all the great powers which eventually formed two opposing military allances. WWII was caused by the worldwide economic depression as well as the rise of militarism. WWII started with a bad economy , so for the first bit trading and our globalized economy went downhill and was not doing well. However, throughout the war (like many) people created relationships and alliances which boosted the trade between alliances and aided the economy.
-
The Bretton Woods conference had a purpose to create a set of rules, regulations and other things for the major economies of the world to ensure their economic stability. Bretton Woods established established the International Monetary Fund as well as the world bank. This conference had a massive and substantial impact on the economy as well as the eceonomic relationships of countrys. The IMO and the WB created a way where eveyone could be interdependant ad do many other things.
-
The world bank is a international finanian institution that provides loans and other things to countries of middle to low income. One of the world banks most recently stated goals was to reduce poverty. However the world bank is only a component of the world bank group, other parts include the IFC. The world bank has obviously contributed massively towards economic globaliization as its the world bank and deals with the worlds finances. The world bank economically intertwines everyone.
-
The International Monetary fund was formed in 1945. The finantial institutuion consists of 190 countries working together. They work together to facilitate global trade, sustain economic growth as well as promote high employment and secure finantial stability. The IMF has contributed substantially towards economic globalization. The IMF periodically depends on the world bank for resources as it tries to reduce poverty. Overall the IMF contributes to keep the worlds finance and economics steady.
-
The GATT was signed on October 10th 1948 , by 23 countries. It was a legal agreement which had a purpose to promote international trade by reducing and getting rid of trade barriers such as tarriffs. By expanding trade it bettered the economies of many countries as one of its purposes was to utilize the worlds resources. By one place having one resource and aother having something different it helped them interconnect to trade with each other and be able to have acess to "foregn" resources.
-
The world trade organization is an organization that regulates and facilitates international trade between countries and nations. One of its main functions is to ensure that trade flows smoothly. It also deals with large sums of money as well as the loans that come with it. The WTO has a huge impact on economic globalization as it aids us with trade between countries as well as it interconnects us with other countries economically.
-
The world trade organization is an organization that regulates and facilitates international trade between countries and nations. One of its main functions is to ensure that trade flows smoothly. It also deals with large sums of money as well as the loans that come with it. The WTO has a huge impact on economic globalization as it aids us with trade between countries as well as it interconnects us with other countries economically.
