-
What: union of Soviet Republics emerged out of former Russia. The USSR was the world, first Communist is the new economic and political mode that was to get rid of class distinctions Economic globalization: negative communism didn’t allow trade, Stalin set up production, schedules for farms and industries and thousands of peasants were forced to work in factories
-
What: global war, this war pitted Britain, Frace, and Russia against Germany, and Austria Hungry, and others were also drawn in the conflict. the war caused the deaths of 40 million people Economic Globalization: negative impact European cities were destroyed, lost of manufacturing, Government around the world lst lots of money
-
What: After WWI A treaty was sign, the treaty forced Germany to surrender their colonies. Economic Globalization: Germany had to pay for reparation payments for war damages, also gave up their colonies.
-
Who: Soviet dictator who killed nearly 33 million people. he believed in Collectivization and Communism
economic globalization: negative impact He stopped economic globalization as it communism stops trade -
What: in the 1920s, consumer spending rose heavily and people began investing in the stock market. by the end of the decade there was a natural decline in spending. Economic Globalization: Stocks went down, investors sold their stocks, people lost homes/businesses to pay loans.
-
Who: German politician who was a dictator to Germany from 1933-1945. he rose to power as the leader of the Nazzi Party
Economic Globalization: Positive Impact, increased trade for a lot of countries -
What: the second world war, the war was fought against the nazis and other forces against the Allies. The war involved more than 50 countries and killed about 70 million people. Economic Globalization: unemployment increase, women joined the workforce, productivity increased, taxes were doubled
-
What: Gathering of 730 delegates from all 44 Allied Nations to try and figure out a way to prevent another war, the WB and IMF were developed. Economic Globalization: help sustain the benefits of global integration, by promoting international economic cooperation
-
What: 190 countries working to foster global monetary cooperation Economic Globalization: Positive impact, set international exchange rates for world currencies, establish international economic stability and promote foreign trade, provide emergency short-term loans to countries, promote good governance, and get rid of corruption
-
What: Owned by the Us government, provides funds. It provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. Economic Globalization: Negative impacts, a huge amount of loans, cause countries to take on debt/ can also have positive impacts, increase growth, and reduce poverty, fund infrastructure.
-
What: Agreement in many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers Economic Globalization: Positive Effects, boost economic recovery after WWII through reconstruction and liberalizing global trade
-
What: Agreement in many more countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers Economic Globalization: Positive Effects, boost economic recovery after WWII through reconstruction and liberalizing global trade