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Who was he?
Hitler was the dictator of Germany for 6 years during WWII and was the man who started the holocaust.
Hitler affected economic globalization because he was the one in control of Germany which means he made the calls for what was destroyed. This would cause positive and negative economic globalization because wars create jobs and can also destroy jobs and lives. -
What was it?
The Rise of Communism was stared by the soviet union. The USSR was the world's first communist state. This also got rid of social classes and made everyone equal.
This caused a negative effect on economic globalization because it prevented trade and made it so there wasn't levels of status therefore no one could make lots of money and buy things. -
What was WWI?
WWI pitted France, Britain, and Russia against Germany, and Austria Hungary. 15 million soldiers were killed, and Canada lost 66,000 soldiers. Many cities, towns, farms, roads, factories, ports, ships, and railways were destroyed in this event.
WWI was against economic globalization because of all the heavy repairs that the war caused. WWI created 164 million dollars in debt, and 76 million dollars in pensions lost. -
What is it?
After WWI the French savoured their revenge and on June 28, 1919 the defeated Germans signed the Peace Treaty. The economic impact for Germany because 80 million US dollars Germany owed was just paid off in 2010, but during the time many other countries thrived. -
Who is Stalin?
Stalin was a military dictator who killed nearly 30,000,000 people who introduced communism.
Did he view globalization as a positive or negative?
Stalin was negative toward globalization because communism doesn't allow for trade. -
What was The Great Depression?
Mass consumerism, debt, and stock market crash lead to loans that countries couldn't pay loans which turned them into victims of the depression.
The Great Depression was the negatives of economic globalization, because without economic globalization there wouldn't have been a huge crash in consumerism. -
What is it?
WWII was a global war that lasted 6 years and was caused by Germany when their dictator (Hitler) started invading too many countries. When Hitler started to invade Poland, Britain and France declared a war on Germany and alliances started to form.
WWII caused negative and positive impacts on economic globalization because the war created and destroyed jobs, it also caused many difficulties when trading between different alliances. WWII also caused lots of damage that cost millions. -
What is it?
The Bretton Woods Conference was a meeting comprised of 44 representatives from different countries. They were trying to figure out how they could prevent economic turmoil that could lead to another world war.
This caused a positive effect on economic globalization because it prevents possible wars that could lead to certain countries economies crashing and promote a sturdy economy. -
What is it?
The World Bank is an international organization dedicated to providing financial advice, and research developing nations to aid their economic advancements. The bank acts as an organization that aids attempts to fight poverty by offering developmental assistance to middle and low income countries. The bank is still operating today. -
What is it?
The IMF is an organization of 190 countries, working to foster the global monetary globalization, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth as well as reduce poverty around the world. The fund still runs to this day. -
What is the GATT?
The GATT is a legal agreement between many countries, whose purpose was to promote international trade by eliminating trade barriers such as tariffs.
The GATT is positive towards economic globalization because it allowed the process of trade to occur with ease. -
What is the WTO?
The WTO is a legal agreement between many countries, whose purpose was to promote international trade by eliminating trade barriers such as tariffs.
The WTO is positive towards economic globalization because it allowed the process of trade to occur with ease.