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Russian Civil War
The Revolution impacted the world by bringing Communism to the big stage and becoming one of the biggest communist countries. At the end of the Civil War Russia was near ruin. This war led into the new economic policy and effected current Russian economics -
Treaty of Brest-Litovsk
This treaty marked the exit of Russia from World War I. It was signed by the Central Powers and Russia. This led up to the treaty of Versailles. This treaty was nessasary for all other economic treatys to take place and therefore effected the outcome of the treaty of Versailles. -
May Fourth Movement in China
The May Fourth movement was an anti-imperialist, cultural, and political movement growing out of student demonstrations in Beijing. It was about the Chinese government’s response to the Treaty of Versailles. This movement caused an economic uproar. -
Treaty of Versailles
World War I was concluded on June 28th 1919 with the treaty of Versailles. This impacted economic globalization through the fact that it was very costly and brought down the global economy but also ended the great depression in North America. This war brought the world together economically in the fact of economic agreements. -
New Economic Policy
The NEP (new economic policy) represented a more capitalism based economy put into place after the Russian civil war a system of a mixed economy was introduced and allowed privately owned enterprises but the government continued to control banks, foreign trade, and large industries. This is now how Russia remains today -
Wall Street Crash of 1929
The stock market crash spun the US and the world into a severe depression, leading to starvation and job loss. It devastated the country. It was also known as Black Tuesday and it was the begging of the great depression. One of the most catastrophic economic disasters of all time. -
Stalin's "Great Purge" in USSR
The Great Purge was a program, led by Joseph Stalin, that "purged' the Communist Party and government officials. This effected the economics of Germany for many years -
Establishment of NATO
The creation of the North Atlantic Trade Organization standardized warfare and works to provide a peaceful world. This set guidelines for warfare to avoid another economic colapse -
Birth of the internet
The birth of the internet is one of the most important economic factors in the world. People use the internet daily to deal with money or goods. The birth of the internet was early to mid-1980s and has affected our global economy ever since. It will continue to affect our lives for as long as we live and until the world ends. -
Collapse of USSR
The collapse of the USSR was significant in that a large superpower. Generally known as bad, It was seen “as a victory for freedom, a triumph of democracy over totalitarianism, and evidence of the superiority of capitalism over socialism.” It was the end of the Cold War.
