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World War I
Caused by an assassination, WWI caused devastating effects on the world, with over 15 million deaths and many destroyed cities that lead to a chain of events that lead to WWII. -
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Russian Revolution
Russia's poor quality of life and outdated technology lead to a revolution which made the previous ruler to step down, this lead to the rise of Communism and the USSR being founded. -
Treaty of Versailles
This treaty made Germany pay for everything that had happen during WWI which would've crippled Germany if not for the rise of Hitler -
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Reign of Stalin
After the previous ruler of Russia stepped down, Stalin came to power and made Russia into an industrial power house, however he was a tyrant and would kill to get what he wanted, he died from a stroke. -
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The Great Depression
Caused by a stock market crash, people's lack of understanding of how a credit card worked led to massive debt all across the world, people were unemployed and starving and even willing to sell their children. -
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Rise of Hitler
After getting elected, he promised to solve Germany's problems and ended up becoming one of the most infamous dictators in history which skyrocketed Germany's income and lead to WWII -
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WWII
It started when the Nazis attacked Poland, Britain, and France, more than 50 countries were involved, and 60 million died in battle, some of which were killed in death camps. This decreased unemployment by a lot. -
Founding of the World Bank
Founded after the Bretton Wood's meeting, its purpose was to help countries that suffered from the war and speed up economic growth. -
Creation of the International Monetary Fund
Created after the Bretton Wood's meeting, it was created to set international exchange rates for currency across the globe, now it provides short term loans. -
Bretton Woods
A meeting happened on July 1944, where countries tried to think of solutions to fix the economy to prevent any more World Wars from happening in the Future, thus founding the World Bank and IMF. -
General Agreement on Trades and Tariffs
An Agreement to get rid of tariffs and other trade barriers between other countries, which led to the WTO being founded. -
Founding of the World Trade Organization
Regulates Trade across the world, was founded after GATT.