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Inflation in Germany
This imopacted economic globalization because even though germany had a lot more mony the money was not worth nearly as much. this did not solve germanys problem with owing other countries as they didnt make more gold, they just made more mony devaluing it. -
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Russion Revolution
Nicholas II was forced to give up his thrown. After USSR emerged. -
Treaty of Versailles
because of this meating with several other countries it put germany in serious debt, more than they allready were from the war -
Great Depression
Black Tuesday decrease in stock started the Depression -
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WWII
WWII started as Adolf Hitler believed that Germans were a master race. This created many war costs that needed to be funded. -
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Cold war
The cold war was between the United Stats and thw NATO (mainly) and greatly impacted globalization as it slowed trade between the differnt groups -
NAFTA
The NAFTA alowed trade between north american countries freely with no taxes or terifs to encourage global trade between the several countries. -
European Union
The EU created a liberalized trading area in Europe alowing easy trade between one countrie and another -
Creation of WTO
Ensures trade agreements are followed, solves trade disputes and conducts trade negotiations -
Talisman sells operations in Sudan
By selling the oil operations in sudan the company could no longer get oil from sudan making the company less profitable.